Swiss National Bank Trims Stock Holdings in Horace Mann Educators Corporation $HMN

Swiss National Bank decreased its position in Horace Mann Educators Corporation (NYSE:HMN) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,000 shares of the insurance provider’s stock after selling 1,100 shares during the period. Swiss National Bank owned approximately 0.19% of Horace Mann Educators worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Horace Mann Educators by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock valued at $362,000 after buying an additional 325 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Horace Mann Educators by 1.7% during the 1st quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider’s stock valued at $952,000 after buying an additional 370 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Horace Mann Educators by 1.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider’s stock valued at $1,274,000 after buying an additional 380 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Horace Mann Educators by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider’s stock valued at $917,000 after buying an additional 810 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Horace Mann Educators by 4.2% during the 4th quarter. MetLife Investment Management LLC now owns 25,051 shares of the insurance provider’s stock valued at $983,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

NYSE:HMN opened at $45.3510 on Thursday. Horace Mann Educators Corporation has a 52 week low of $33.00 and a 52 week high of $45.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.85 billion, a PE ratio of 13.42 and a beta of 0.27. The stock’s 50-day moving average price is $42.39 and its 200-day moving average price is $41.88.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.45. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $425.35 million. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators announced that its board has initiated a stock buyback program on Tuesday, May 13th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.28, for a total transaction of $211,400.00. Following the sale, the chief executive officer directly owned 302,155 shares in the company, valued at $12,775,113.40. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bret A. Conklin sold 4,760 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $42.90, for a total value of $204,204.00. Following the sale, the executive vice president owned 58,587 shares in the company, valued at $2,513,382.30. This trade represents a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,198 shares of company stock worth $2,210,975 over the last 90 days. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler lifted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Wall Street Zen lowered Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Raymond James Financial reiterated a “strong-buy” rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Finally, BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Horace Mann Educators has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Horace Mann Educators Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.