Horace Mann Educators Co. (HMN) Holdings Cut by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 15.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,489 shares of the insurance provider’s stock after selling 21,658 shares during the quarter. Bahl & Gaynor Inc. owned about 0.28% of Horace Mann Educators worth $5,140,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of Horace Mann Educators by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 320,511 shares of the insurance provider’s stock valued at $13,702,000 after purchasing an additional 7,601 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $3,677,000. Nisa Investment Advisors LLC bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $2,520,000. BTIM Corp. bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $8,878,000. Finally, First Midwest Bank Trust Division boosted its holdings in shares of Horace Mann Educators by 12.9% during the 2nd quarter. First Midwest Bank Trust Division now owns 19,330 shares of the insurance provider’s stock valued at $862,000 after purchasing an additional 2,203 shares during the last quarter.

Shares of NYSE:HMN opened at $39.36 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. Horace Mann Educators Co. has a 12 month low of $37.37 and a 12 month high of $47.65. The stock has a market capitalization of $1.60 billion, a P/E ratio of 22.62 and a beta of 0.90.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. Horace Mann Educators had a net margin of 13.48% and a return on equity of 4.63%. The firm had revenue of $311.40 million during the quarter. On average, sell-side analysts forecast that Horace Mann Educators Co. will post 1.58 earnings per share for the current year.

In related news, CEO Marita Zuraitis sold 8,000 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $46.03, for a total value of $368,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra L. Figurski sold 2,638 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $46.05, for a total transaction of $121,479.90. Following the completion of the transaction, the insider now directly owns 6,441 shares of the company’s stock, valued at approximately $296,608.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,613 shares of company stock valued at $1,185,526. 2.20% of the stock is owned by insiders.

Several research analysts have commented on the stock. ValuEngine downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Zacks Investment Research downgraded shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.

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Horace Mann Educators Company Profile

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.

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

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