Horace Mann Educators Corporation (HMN) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lowered its stake in Horace Mann Educators Corporation (NYSE:HMN) by 31.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,000 shares of the insurance provider’s stock after selling 15,000 shares during the quarter. Employees Retirement System of Texas owned about 0.08% of Horace Mann Educators Corporation worth $1,210,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 78 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Horace Mann Educators Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the insurance provider’s stock worth $624,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its holdings in Horace Mann Educators Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock worth $800,000 after purchasing an additional 100 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Horace Mann Educators Corporation by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,564 shares of the insurance provider’s stock worth $966,000 after purchasing an additional 248 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock worth $1,119,000 after purchasing an additional 395 shares during the period. 98.26% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a report on Tuesday, September 5th. TheStreet cut shares of Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research 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. The company has an average rating of “Hold” and an average price target of $37.00.

Shares of Horace Mann Educators Corporation (HMN) opened at 40.30 on Friday. The company has a market capitalization of $1.64 billion, a PE ratio of 25.98 and a beta of 1.09. The firm has a 50-day moving average of $37.73 and a 200 day moving average of $37.91. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15.

Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings data on Monday, July 24th. The insurance provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The firm had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Horace Mann Educators Corporation will post $1.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, September 14th. Horace Mann Educators Corporation’s dividend payout ratio is presently 70.97%.

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

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A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 78 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Horace Mann Educators Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the insurance provider’s stock worth $624,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its holdings in Horace Mann Educators Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock worth $800,000 after purchasing an additional 100 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Horace Mann Educators Corporation by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,564 shares of the insurance provider’s stock worth $966,000 after purchasing an additional 248 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock worth $1,119,000 after purchasing an additional 395 shares during the period. 98.26% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a report on Tuesday, September 5th. TheStreet cut shares of Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research 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. The company has an average rating of “Hold” and an average price target of $37.00.

Shares of Horace Mann Educators Corporation (HMN) opened at 40.30 on Friday. The company has a market capitalization of $1.64 billion, a PE ratio of 25.98 and a beta of 1.09. The firm has a 50-day moving average of $37.73 and a 200 day moving average of $37.91. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15.

Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings data on Monday, July 24th. The insurance provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The firm had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Horace Mann Educators Corporation will post $1.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, September 14th. Horace Mann Educators Corporation’s dividend payout ratio is presently 70.97%.

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

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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.

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

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