MetLife Investment Advisors LLC Takes $837,000 Position in Horace Mann Educators Co. (HMN)

MetLife Investment Advisors LLC purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 18,978 shares of the insurance provider’s stock, valued at approximately $837,000.

Other large investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Horace Mann Educators during the fourth quarter valued at $176,000. Stifel Financial Corp bought a new position in shares of Horace Mann Educators during the third quarter valued at $203,000. Koch Industries Inc. bought a new position in shares of Horace Mann Educators during the fourth quarter valued at $263,000. QS Investors LLC increased its holdings in shares of Horace Mann Educators by 68.1% during the fourth quarter. QS Investors LLC now owns 7,388 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 2,993 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Horace Mann Educators in the 4th quarter worth about $559,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.

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HMN has been the subject of several research analyst reports. Zacks Investment Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods set a $43.00 price objective on Horace Mann Educators and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, ValuEngine upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.50.

NYSE HMN opened at $44.35 on Friday. Horace Mann Educators Co. has a one year low of $33.85 and a one year high of $47.65. The stock has a market capitalization of $1,775.98, a P/E ratio of 25.49 and a beta of 0.95. 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 (NYSE:HMN) last released its quarterly earnings data on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the previous year, the business posted $0.52 earnings per share. Horace Mann Educators’s quarterly revenue was up 7.1% compared to the same quarter last year. sell-side analysts expect that Horace Mann Educators Co. will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.57%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 65.52%.

In related news, CFO Bret A. Conklin sold 4,259 shares of Horace Mann Educators stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total value of $190,888.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by company insiders.

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About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.

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

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