First Trust Advisors LP lessened its stake in Horace Mann Educators Co. (NYSE:HMN) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,463 shares of the insurance provider’s stock after selling 1,666 shares during the quarter. First Trust Advisors LP’s holdings in Horace Mann Educators were worth $438,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System grew its stake in Horace Mann Educators by 40.2% in the third quarter. California Public Employees Retirement System now owns 105,129 shares of the insurance provider’s stock worth $4,871,000 after purchasing an additional 30,148 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in Horace Mann Educators in the third quarter valued at about $49,000. Dupont Capital Management Corp bought a new stake in Horace Mann Educators in the third quarter valued at about $156,000. Rhumbline Advisers raised its stake in Horace Mann Educators by 6.8% during the third quarter. Rhumbline Advisers now owns 137,233 shares of the insurance provider’s stock valued at $6,358,000 after buying an additional 8,727 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Horace Mann Educators during the third quarter valued at approximately $676,000. Institutional investors and hedge funds own 99.91% of the company’s stock.
In related news, EVP Matthew P. Sharpe sold 3,500 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $45.30, for a total transaction of $158,550.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marita Zuraitis sold 828 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $48.03, for a total transaction of $39,768.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,459 shares of company stock valued at $1,732,195. 2.50% of the stock is currently owned by corporate insiders.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Horace Mann Educators had a net margin of 9.52% and a return on equity of 3.58%. The firm had revenue of $334.40 million for the quarter. As a group, sell-side analysts expect that Horace Mann Educators Co. will post 2.1 EPS for the current fiscal year.
Horace Mann Educators Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.
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