Goldman Sachs Group Inc. decreased its position in Horace Mann Educators Corporation (NYSE:HMN) by 70.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,318 shares of the insurance provider’s stock after selling 36,046 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Horace Mann Educators Corporation were worth $579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its stake in shares of Horace Mann Educators Corporation by 32.0% in the 2nd quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock valued at $114,000 after purchasing an additional 733 shares during the period. Amalgamated Bank raised its stake in shares of Horace Mann Educators Corporation by 1.4% in the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 78 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Horace Mann Educators Corporation by 184.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 6,225 shares of the insurance provider’s stock valued at $235,000 after purchasing an additional 4,035 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Horace Mann Educators Corporation by 79.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,006 shares of the insurance provider’s stock valued at $302,000 after purchasing an additional 3,556 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Horace Mann Educators Corporation by 25.9% in the 2nd quarter. Sei Investments Co. now owns 9,723 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 2,002 shares during the period. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Robert Stricker sold 3,500 shares of Horace Mann Educators Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

Shares of Horace Mann Educators Corporation (NYSE:HMN) opened at $45.75 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,860.52, a PE ratio of 28.59 and a beta of 1.16. Horace Mann Educators Corporation has a 12-month low of $33.85 and a 12-month high of $45.85.

Horace Mann Educators Corporation (NYSE:HMN) last released its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.47. The business had revenue of $289.80 million for the quarter, compared to the consensus estimate of $293.10 million. Horace Mann Educators Corporation had a return on equity of 4.94% and a net margin of 5.56%. Horace Mann Educators Corporation’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. research analysts expect that Horace Mann Educators Corporation will post 1.7 EPS for the current year.

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Several analysts have issued reports on HMN shares. Zacks Investment Research raised Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. TheStreet downgraded Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research note on Monday, August 28th. Keefe, Bruyette & Woods raised Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price target on the stock in a research note on Tuesday, September 5th. Finally, BidaskClub downgraded Horace Mann Educators Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.

About Horace Mann Educators Corporation

Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.

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Institutional Ownership by Quarter for Horace Mann Educators Corporation (NYSE:HMN)

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