Company shares last traded at $43.80 which is just over the 50 day moving average of $39.87 and which is impressively higher than the 200 day moving average of $38.12. The 50 day moving average was up $3.93 and the 200 day average went up $5.68 or +14.89%. Horace Mann Educators Corporati shares had a trading volume of 233K by the end of trading on Tuesday. Volume was up 70.62% over the stocks average daily volume.
Traders are more bullish of late considering the motion in short interest. The company experienced a fall in short interest of -3.40% between September 29, 2017 and October 13, 2017. Short shares fell 16,508 over that timeframe. With short interest at 469,514 and short average daily volume at 136,108, days to cover is 3.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Victory Capital Management Inc had bought a total of 275,740 shares growing its holdings by 16.2%. The value of the investment in HMN went from $64,178,000 to $77,661,000 a change of 21.0% quarter over quarter. Parkside Financial Bank & Trust divested its stake by selling 56 shares a decrease of 31.8%. Parkside Financial Bank & Trust controls 120 shares with a value of $5,000. The value of the position overall is down by 28.6%.
Nj State Employees Deferred Compensation Plan trimmed its ownership by shedding 20,000 shares a decrease of 44.4% from 06/30/2017 to 09/30/2017. Nj State Employees Deferred Compensation Plan now controls 25,000 shares worth $984,000. The total value of its holdings decreased 42.2%. As of quarter end Aperio Group, LLC had acquired 2,048 shares growing its stake by 8.5%. The value of the total investment in Horace Mann Educators Corporati increased from $915,000 to $1,033,000 a change of $118,000 for the reporting period.
On September 5 the company was set at “Market Perform” by Keefe Bruyette & Woods which is up from the previous “Market Perform” rating.
The company is trading down from yesterday’s close of $43.80. Additionally the company recently announced a dividend for shareholders paid on Friday the 29th of September 2017. The dividend payment was $0.275 per share for the quarter or $1.10 on an annualized basis. This dividend amount represented a yield of $2.47. The ex-dividend date was set for Thursday the 14th of September 2017.
The company’s P/E ratio is 28.24 and market cap is 1.78B. As of the last earnings report the EPS was $1.55 and is estimated to be $1.58 for the current year with 40,673,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.57 with next year’s EPS anticipated to be $2.21.
Horace Mann Educators Corporation (HMEC), launched on February 7, 1968, 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. The Business’s operating segments include Property and Casualty segment, comprising primarily personal lines automobile and homeowners products; Retirement segment, comprising primarily tax-qualified fixed and variable annuities; Life segment life insurance, and Corporate and Other. It markets and services its products through a sales force of full-time agents supported by the Business’s Customer Contact Center. These agents sell HMEC’s products and limited additional third-party vendor products. As of December 31, 2016, its property and casualty subsidiaries and its life insurance subsidiary were licensed to write business in over 48 states and the District of Columbia..