Cramer Rosenthal Mcglynn LLC trimmed its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 358,425 shares of the insurance provider’s stock after selling 7,980 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Horace Mann Educators were worth $15,807,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Horace Mann Educators by 4.1% during the fourth quarter. BlackRock Inc. now owns 5,348,030 shares of the insurance provider’s stock worth $235,848,000 after buying an additional 209,269 shares in the last quarter. Franklin Resources Inc. grew its stake in Horace Mann Educators by 14.6% during the fourth quarter. Franklin Resources Inc. now owns 1,618,700 shares of the insurance provider’s stock worth $71,385,000 after buying an additional 206,085 shares in the last quarter. Earnest Partners LLC grew its stake in Horace Mann Educators by 2.9% during the third quarter. Earnest Partners LLC now owns 1,577,320 shares of the insurance provider’s stock worth $62,068,000 after buying an additional 44,440 shares in the last quarter. Channing Capital Management LLC grew its stake in Horace Mann Educators by 12.9% during the fourth quarter. Channing Capital Management LLC now owns 1,377,548 shares of the insurance provider’s stock worth $60,750,000 after buying an additional 157,919 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Horace Mann Educators by 1.3% during the third quarter. New York State Common Retirement Fund now owns 478,789 shares of the insurance provider’s stock worth $18,840,000 after buying an additional 6,306 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.
HMN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.50.
Horace Mann Educators Co. (NYSE:HMN) opened at $43.55 on Wednesday. The company has a market cap of $1,788.21, a PE ratio of 10.73 and a beta of 0.99. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.20. Horace Mann Educators Co. has a fifty-two week low of $33.85 and a fifty-two week high of $47.65.
Horace Mann Educators (NYSE:HMN) last posted its earnings results on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $303.00 million during the quarter. Horace Mann Educators had a net margin of 14.46% and a return on equity of 5.17%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. equities research analysts forecast that Horace Mann Educators Co. will post 2.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be issued a $0.285 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.28. Horace Mann Educators’s dividend payout ratio is 27.09%.
In other news, CFO Bret A. Conklin sold 2,938 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.81, for a total value of $125,775.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
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About Horace Mann Educators
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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