Rothschild & Co. Asset Management US Inc. acquired a new position in shares of Horace Mann Educators Co. (NYSE:HMN) in the 1st quarter, Holdings Channel reports. The fund acquired 575,888 shares of the insurance provider’s stock, valued at approximately $20,277,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley lifted its position in shares of Horace Mann Educators by 70.1% during the 3rd quarter. Morgan Stanley now owns 181,265 shares of the insurance provider’s stock valued at $8,140,000 after acquiring an additional 74,692 shares during the period. Virtu Financial LLC acquired a new stake in shares of Horace Mann Educators in the fourth quarter valued at about $240,000. Clean Yield Group bought a new stake in shares of Horace Mann Educators during the 4th quarter valued at about $28,000. Assenagon Asset Management S.A. boosted its position in shares of Horace Mann Educators by 90.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 62,150 shares of the insurance provider’s stock valued at $2,328,000 after purchasing an additional 29,479 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in Horace Mann Educators in the fourth quarter worth approximately $26,000.
A number of analysts recently commented on HMN shares. TheStreet downgraded Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th. Sandler O’Neill started coverage on Horace Mann Educators in a report on Wednesday. They issued a “buy” rating and a $46.00 price target for the company.
In related news, Director Steve Hassenmiller sold 3,000 shares of the company’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 value of $117,840.00. Following the transaction, the director now directly owns 27,664 shares of the company’s stock, valued at approximately $1,086,641.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret A. Conklin sold 3,443 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $39.09, for a total value of $134,586.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,309 shares of company stock worth $499,302. Insiders own 2.50% of the company’s stock.
Shares of HMN traded up $0.14 during trading hours on Friday, hitting $41.37. The company had a trading volume of 1,630 shares, compared to its average volume of 160,461. The company has a market cap of $1.64 billion, a P/E ratio of 61.31 and a beta of 0.82. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.21. Horace Mann Educators Co. has a 52-week low of $34.38 and a 52-week high of $47.50.
Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. The company had revenue of $313.20 million for the quarter. Horace Mann Educators had a return on equity of 2.48% and a net margin of 2.51%. Equities research analysts forecast that Horace Mann Educators Co. will post 2.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.2875 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.78%. Horace Mann Educators’s dividend payout ratio is currently 169.12%.
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.
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