Oppenheimer Asset Management Inc. Trims Holdings in Horace Mann Educators Co. (HMN)

Oppenheimer Asset Management Inc. decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,623 shares of the insurance provider’s stock after selling 829 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Horace Mann Educators were worth $797,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HMN. Bank of New York Mellon Corp increased its holdings in shares of Horace Mann Educators by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 868,862 shares of the insurance provider’s stock valued at $39,013,000 after acquiring an additional 16,724 shares in the last quarter. Man Group plc increased its holdings in shares of Horace Mann Educators by 4.8% during the third quarter. Man Group plc now owns 91,800 shares of the insurance provider’s stock valued at $4,122,000 after acquiring an additional 4,200 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Horace Mann Educators by 52.8% during the third quarter. MetLife Investment Advisors LLC now owns 29,005 shares of the insurance provider’s stock valued at $1,302,000 after acquiring an additional 10,027 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Horace Mann Educators by 12.9% during the third quarter. AQR Capital Management LLC now owns 35,181 shares of the insurance provider’s stock valued at $1,580,000 after acquiring an additional 4,026 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Horace Mann Educators by 6.3% during the third quarter. Legal & General Group Plc now owns 107,738 shares of the insurance provider’s stock valued at $4,842,000 after acquiring an additional 6,349 shares in the last quarter.

In other Horace Mann Educators news, CFO Bret A. Conklin sold 6,466 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.99, for a total transaction of $232,711.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steve Hassenmiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $39.28, for a total transaction of $117,840.00. Following the transaction, the director now directly owns 27,664 shares of the company’s stock, valued at $1,086,641.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,309 shares of company stock worth $499,302. Corporate insiders own 2.50% of the company’s stock.

HMN opened at $40.71 on Friday. Horace Mann Educators Co. has a 52-week low of $34.38 and a 52-week high of $47.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $1.67 billion, a PE ratio of 50.89 and a beta of 0.82.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.10. Horace Mann Educators had a net margin of 2.51% and a return on equity of 2.53%. The firm had revenue of $313.20 million for the quarter. On average, analysts anticipate that Horace Mann Educators Co. will post 2.1 earnings per share for the current fiscal year.

Separately, TheStreet downgraded shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a report on Thursday, February 28th.

COPYRIGHT VIOLATION WARNING: “Oppenheimer Asset Management Inc. Trims Holdings in Horace Mann Educators Co. (HMN)” was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/05/oppenheimer-asset-management-inc-trims-holdings-in-horace-mann-educators-co-hmn.html.

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 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.

Read More: Correction

Want to see what other hedge funds are holding HMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horace Mann Educators Co. (NYSE:HMN).

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

Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.