WESPAC Advisors LLC Has $660,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

WESPAC Advisors LLC lessened its holdings in Horace Mann Educators Co. (NYSE:HMN) by 28.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,218 shares of the insurance provider’s stock after selling 8,203 shares during the quarter. WESPAC Advisors LLC’s holdings in Horace Mann Educators were worth $660,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of Horace Mann Educators by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock valued at $117,001,000 after acquiring an additional 303,501 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Horace Mann Educators by 3,398.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 244,236 shares of the insurance provider’s stock valued at $9,034,000 after acquiring an additional 237,255 shares during the last quarter. Arjuna Capital bought a new position in shares of Horace Mann Educators in the 1st quarter valued at $2,858,000. Hsbc Holdings PLC lifted its stake in shares of Horace Mann Educators by 869.3% in the 4th quarter. Hsbc Holdings PLC now owns 81,527 shares of the insurance provider’s stock valued at $2,664,000 after acquiring an additional 73,116 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Horace Mann Educators in the 2nd quarter valued at $2,037,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.9 %

Shares of HMN traded up $0.33 during trading hours on Friday, hitting $35.61. The stock had a trading volume of 175,776 shares, compared to its average volume of 229,414. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a 50 day simple moving average of $33.72 and a 200-day simple moving average of $34.85. The firm has a market capitalization of $1.46 billion, a P/E ratio of 22.83 and a beta of 0.27. Horace Mann Educators Co. has a 1-year low of $28.18 and a 1-year high of $39.25.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. Sell-side analysts predict that Horace Mann Educators Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HMN shares. Piper Sandler lowered their target price on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods lowered their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Raymond James began coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.