Horace Mann Educators Corporation (HMN) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lessened its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 349,878 shares of the insurance provider’s stock after selling 50,004 shares during the quarter. Donald Smith & CO. Inc. owned 0.86% of Horace Mann Educators worth $13,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HMN. Teachers Advisors LLC increased its position in Horace Mann Educators by 2.6% in the first quarter. Teachers Advisors LLC now owns 68,456 shares of the insurance provider’s stock worth $2,810,000 after buying an additional 1,746 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Horace Mann Educators by 5.3% during the first quarter. Geode Capital Management LLC now owns 295,018 shares of the insurance provider’s stock worth $12,110,000 after purchasing an additional 14,758 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Horace Mann Educators by 4.1% during the first 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. State Street Corp grew its position in shares of Horace Mann Educators by 5.5% during the first quarter. State Street Corp now owns 990,464 shares of the insurance provider’s stock worth $40,659,000 after purchasing an additional 52,045 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in shares of Horace Mann Educators by 184.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 6,225 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 4,035 shares in the last quarter. Institutional investors own 98.26% of the company’s stock.

In other news, Director Robert Stricker sold 3,829 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total value of $175,176.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Horace Mann Educators Corporation (HMN) opened at $45.55 on Friday. The company has a market capitalization of $1,850.00, a P/E ratio of 28.94 and a beta of 1.17. Horace Mann Educators Corporation has a one year low of $33.85 and a one year high of $47.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.47. The business had revenue of $289.80 million during the quarter, compared to analyst estimates of $293.10 million. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS. equities analysts anticipate that Horace Mann Educators Corporation will post 1.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, December 15th. Horace Mann Educators’s payout ratio is 71.43%.

Several research firms recently issued reports on HMN. Keefe, Bruyette & Woods upgraded Horace Mann Educators from an “underperform” rating to a “market perform” rating and set a $37.00 target price for the company in a research report on Tuesday, September 5th. TheStreet cut Horace Mann Educators from a “b” rating to a “c+” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, BidaskClub raised Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Friday, August 18th.

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Horace Mann Educators 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 (NYSE:HMN)

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