Today, Horace Mann Educators Corp. (HMN) Stake Increased by Eqis Capital Management Inc.

Today, Horace Mann Educators Corp. (HMN) Stake Increased by Eqis Capital Management Inc.

Eqis Capital Management Inc. raised its position in Horace Mann Educators Corp. (NYSE:HMN) by 21.1% during the third quarter, Holdings Channel reports. The firm owned 10,122 shares of the company’s stock after buying an additional 1,764 shares during the period. Eqis Capital Management Inc.’s holdings in Horace Mann Educators Corp. were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Horace Mann Educators Corp. by 0.5% in the second quarter. Arizona State Retirement System now owns 20,866 shares of the company’s stock worth $705,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Horace Mann Educators Corp. by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 38,599 shares of the company’s stock worth $1,304,000 after buying an additional 132 shares during the period. PineBridge Investments L.P. raised its position in shares of Horace Mann Educators Corp. by 3.1% in the second quarter. PineBridge Investments L.P. now owns 5,088 shares of the company’s stock worth $172,000 after buying an additional 152 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Horace Mann Educators Corp. by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 60,100 shares of the company’s stock worth $2,031,000 after buying an additional 200 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position in shares of Horace Mann Educators Corp. by 1.7% in the second quarter. Segall Bryant & Hamill LLC now owns 14,274 shares of the company’s stock worth $482,000 after buying an additional 232 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Corp. (NYSE:HMN) traded up 1.13% during midday trading on Friday, hitting $40.20. 110,191 shares of the stock traded hands. Horace Mann Educators Corp. has a 12 month low of $27.15 and a 12 month high of $40.30. The stock has a market cap of $1.62 billion, a PE ratio of 19.71 and a beta of 1.09. The company has a 50-day moving average of $37.07 and a 200-day moving average of $35.28.

Horace Mann Educators Corp. (NYSE:HMN) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $291.30 million for the quarter, compared to analyst estimates of $219.60 million. Horace Mann Educators Corp. had a return on equity of 5.72% and a net margin of 7.57%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, equities research analysts anticipate that Horace Mann Educators Corp. will post $1.86 earnings per share for the current year.

HMN has been the subject of several research reports. Langen Mcalenn lowered shares of Horace Mann Educators Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 2nd. Janney Montgomery Scott lowered shares of Horace Mann Educators Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Horace Mann Educators Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd.

In other news, CFO Dwayne D. Hallman sold 8,220 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $36.29, for a total transaction of $298,303.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Horace Mann Educators Corp. Company Profile

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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