Teachers Advisors LLC Grows Holdings in Horace Mann Educators Corporation (HMN)

Teachers Advisors LLC raised its stake in Horace Mann Educators Corporation (NYSE:HMN) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,307 shares of the insurance provider’s stock after buying an additional 4,851 shares during the period. Teachers Advisors LLC owned approximately 0.18% of Horace Mann Educators Corporation worth $2,771,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Horace Mann Educators Corporation by 11.8% in the second quarter. Advisors Asset Management Inc. now owns 28,565 shares of the insurance provider’s stock valued at $1,080,000 after buying an additional 3,007 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Horace Mann Educators Corporation by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 59,319 shares of the insurance provider’s stock worth $2,239,000 after purchasing an additional 2,220 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Horace Mann Educators Corporation by 4.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 217,521 shares of the insurance provider’s stock worth $8,930,000 after purchasing an additional 8,590 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Horace Mann Educators Corporation by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 798,374 shares of the insurance provider’s stock worth $30,178,000 after purchasing an additional 13,130 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Horace Mann Educators Corporation by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after purchasing an additional 212,640 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

HMN has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “sell” rating and set a $35.00 target price on shares of Horace Mann Educators Corporation in a report on Friday, August 18th. BidaskClub upgraded shares of Horace Mann Educators Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Friday. Finally, TheStreet raised shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating, Horace Mann Educators Corporation presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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Shares of Horace Mann Educators Corporation (HMN) opened at 44.50 on Friday. The company’s 50-day moving average is $38.83 and its 200 day moving average is $37.94. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $45.45. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 28.69 and a beta of 1.09.

Horace Mann Educators Corporation (NYSE:HMN) last issued its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.47. The business had revenue of $289.80 million for the quarter, compared to the consensus estimate of $293.10 million. Horace Mann Educators Corporation had a net margin of 5.56% and a return on equity of 5.00%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. On average, analysts expect that Horace Mann Educators Corporation will post $1.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.47%. Horace Mann Educators Corporation’s payout ratio is 71.43%.

In other Horace Mann Educators Corporation news, Director Robert Stricker sold 3,500 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $39.35, for a total value of $137,725.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Horace Mann Educators Corporation Company Profile

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.

Institutional Ownership by Quarter for Horace Mann Educators Corporation (NYSE:HMN)

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