Bank of New York Mellon Corp lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,506 shares of the insurance provider’s stock after selling 11,800 shares during the period. Bank of New York Mellon Corp owned about 1.73% of Horace Mann Educators worth $31,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Rhumbline Advisers raised its position in Horace Mann Educators by 11.7% in the 4th quarter. Rhumbline Advisers now owns 111,389 shares of the insurance provider’s stock valued at $4,912,000 after purchasing an additional 11,655 shares in the last quarter. Arizona State Retirement System raised its position in Horace Mann Educators by 224.5% in the 4th quarter. Arizona State Retirement System now owns 68,351 shares of the insurance provider’s stock valued at $3,014,000 after purchasing an additional 47,285 shares in the last quarter. Pinebridge Investments L.P. raised its position in Horace Mann Educators by 33.5% in the 4th quarter. Pinebridge Investments L.P. now owns 67,640 shares of the insurance provider’s stock valued at $2,983,000 after purchasing an additional 16,972 shares in the last quarter. Wells Fargo & Company MN raised its position in Horace Mann Educators by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 277,898 shares of the insurance provider’s stock valued at $12,256,000 after purchasing an additional 1,340 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Horace Mann Educators by 5.6% in the 4th quarter. California Public Employees Retirement System now owns 127,012 shares of the insurance provider’s stock valued at $5,601,000 after purchasing an additional 6,787 shares in the last quarter. 98.26% of the stock is currently owned by institutional investors.
In other news, CFO Bret A. Conklin sold 2,938 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.81, for a total value of $125,775.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.
A number of equities research analysts have issued reports on HMN shares. Zacks Investment Research raised Horace Mann Educators from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Thursday, January 18th. ValuEngine raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Horace Mann Educators in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.50.
Shares of Horace Mann Educators Co. (NYSE HMN) opened at $43.85 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $1,775.98, a PE ratio of 10.80 and a beta of 0.99. Horace Mann Educators Co. has a 12-month low of $33.85 and a 12-month high of $47.65.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The company had revenue of $303.00 million for the quarter. During the same period in the prior year, the business earned $0.52 EPS. Horace Mann Educators’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts expect that Horace Mann Educators Co. will post 2.3 earnings per share for the current fiscal year.
The firm also recently disclosed 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 2.60%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.28. Horace Mann Educators’s dividend payout ratio is presently 27.09%.
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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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