Peregrine Capital Management LLC Purchases 1,671 Shares of Horace Mann Educators Co. (NYSE:HMN)

Peregrine Capital Management LLC boosted its position in Horace Mann Educators Co. (NYSE:HMN) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 115,013 shares of the insurance provider’s stock after acquiring an additional 1,671 shares during the period. Peregrine Capital Management LLC owned 0.28% of Horace Mann Educators worth $4,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HMN. Norges Bank bought a new stake in Horace Mann Educators in the 4th quarter valued at about $31,613,000. GW&K Investment Management LLC bought a new stake in Horace Mann Educators in the 1st quarter valued at about $23,990,000. Cramer Rosenthal Mcglynn LLC raised its stake in Horace Mann Educators by 36.1% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 673,125 shares of the insurance provider’s stock valued at $24,630,000 after acquiring an additional 178,463 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Horace Mann Educators by 32.8% during the first quarter. Deprince Race & Zollo Inc. now owns 655,382 shares of the insurance provider’s stock valued at $23,980,000 after buying an additional 161,695 shares during the period. Finally, State Street Corp increased its position in shares of Horace Mann Educators by 9.2% during the first quarter. State Street Corp now owns 1,419,928 shares of the insurance provider’s stock valued at $51,955,000 after buying an additional 120,003 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.

HMN stock opened at $37.58 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $36.66 and its 200 day moving average is $37.87. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 9.26 and a beta of 0.50. Horace Mann Educators Co. has a 1-year low of $30.48 and a 1-year high of $48.15.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $307.30 million for the quarter, compared to analysts’ expectations of $332.50 million. Horace Mann Educators had a net margin of 11.98% and a return on equity of 6.45%. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 2.7 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on HMN shares. Zacks Investment Research cut Horace Mann Educators from a “hold” rating to a “sell” rating in a research report on Wednesday, July 22nd. ValuEngine upgraded Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th.

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

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