Horace Mann Educators Corporation (HMN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Horace Mann Educators Corporation (NYSE:HMN) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,004 shares of the insurance provider’s stock after acquiring an additional 12,917 shares during the period. Wells Fargo & Company MN owned about 0.40% of Horace Mann Educators Corporation worth $6,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HMN. BlackRock Inc. grew its holdings in shares of Horace Mann Educators Corporation by 51,596.4% in the first quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock worth $219,132,000 after acquiring an additional 5,327,848 shares during the period. Vanguard Group Inc. grew its holdings in shares of Horace Mann Educators Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after acquiring an additional 212,640 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Horace Mann Educators Corporation by 49.1% in the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock worth $16,225,000 after acquiring an additional 130,085 shares during the period. Channing Capital Management LLC grew its holdings in shares of Horace Mann Educators Corporation by 13.7% in the second quarter. Channing Capital Management LLC now owns 1,042,845 shares of the insurance provider’s stock worth $39,420,000 after acquiring an additional 125,875 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Horace Mann Educators Corporation by 7.3% in the second quarter. Victory Capital Management Inc. now owns 1,697,843 shares of the insurance provider’s stock worth $64,178,000 after acquiring an additional 115,020 shares during the period. 98.26% of the stock is owned by institutional investors.

Shares of Horace Mann Educators Corporation (NYSE:HMN) opened at 39.85 on Wednesday. Horace Mann Educators Corporation has a one year low of $33.30 and a one year high of $44.15. The company has a 50 day moving average price of $37.44 and a 200 day moving average price of $37.89. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 25.69 and a beta of 1.09.

Horace Mann Educators Corporation (NYSE:HMN) last issued its earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. Equities analysts predict that Horace Mann Educators Corporation will post $1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.76%. Horace Mann Educators Corporation’s dividend payout ratio (DPR) is 70.97%.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/11/horace-mann-educators-corporation-hmn-shares-bought-by-wells-fargo-company-mn.html.

In related news, Director Robert Stricker sold 3,500 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Several analysts recently commented on the company. BidaskClub raised Horace Mann Educators Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. TheStreet raised Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Keefe, Bruy

Several other institutional investors and hedge funds have also recently modified their holdings of HMN. BlackRock Inc. grew its holdings in shares of Horace Mann Educators Corporation by 51,596.4% in the first quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock worth $219,132,000 after acquiring an additional 5,327,848 shares during the period. Vanguard Group Inc. grew its holdings in shares of Horace Mann Educators Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after acquiring an additional 212,640 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Horace Mann Educators Corporation by 49.1% in the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock worth $16,225,000 after acquiring an additional 130,085 shares during the period. Channing Capital Management LLC grew its holdings in shares of Horace Mann Educators Corporation by 13.7% in the second quarter. Channing Capital Management LLC now owns 1,042,845 shares of the insurance provider’s stock worth $39,420,000 after acquiring an additional 125,875 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Horace Mann Educators Corporation by 7.3% in the second quarter. Victory Capital Management Inc. now owns 1,697,843 shares of the insurance provider’s stock worth $64,178,000 after acquiring an additional 115,020 shares during the period. 98.26% of the stock is owned by institutional investors.

Shares of Horace Mann Educators Corporation (NYSE:HMN) opened at 39.85 on Wednesday. Horace Mann Educators Corporation has a one year low of $33.30 and a one year high of $44.15. The company has a 50 day moving average price of $37.44 and a 200 day moving average price of $37.89. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 25.69 and a beta of 1.09.

Horace Mann Educators Corporation (NYSE:HMN) last issued its earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. Equities analysts predict that Horace Mann Educators Corporation will post $1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.76%. Horace Mann Educators Corporation’s dividend payout ratio (DPR) is 70.97%.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/11/horace-mann-educators-corporation-hmn-shares-bought-by-wells-fargo-company-mn.html.

In related news, Director Robert Stricker sold 3,500 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Several analysts recently commented on the company. BidaskClub raised Horace Mann Educators Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. TheStreet raised Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $35.00 price objective on shares of Horace Mann Educators Corporation in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.00.

Horace Mann Educators Corporation 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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