Cramer Rosenthal Mcglynn LLC reduced its stake in Horace Mann Educators Co. (NYSE:HMN) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,425 shares of the insurance provider’s stock after selling 7,980 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.88% of Horace Mann Educators worth $15,807,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in Horace Mann Educators by 50.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 21,894 shares of the insurance provider’s stock valued at $862,000 after buying an additional 7,358 shares in the last quarter. Rhumbline Advisers grew its holdings in Horace Mann Educators by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 99,734 shares of the insurance provider’s stock valued at $3,925,000 after buying an additional 2,538 shares in the last quarter. BlackRock Inc. grew its holdings in Horace Mann Educators by 4.1% in the 4th quarter. BlackRock Inc. now owns 5,348,030 shares of the insurance provider’s stock valued at $235,848,000 after buying an additional 209,269 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Horace Mann Educators by 867.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,680 shares of the insurance provider’s stock valued at $7,543,000 after buying an additional 171,872 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in Horace Mann Educators by 2.9% in the 3rd quarter. Earnest Partners LLC now owns 1,577,320 shares of the insurance provider’s stock valued at $62,068,000 after buying an additional 44,440 shares in the last quarter. Institutional investors own 98.26% of the company’s stock.
In other news, CFO Bret A. Conklin sold 2,938 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.81, for a total transaction of $125,775.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.
HMN stock traded up $0.40 during midday trading on Wednesday, hitting $44.90. The stock had a trading volume of 48,455 shares, compared to its average volume of 157,546. The stock has a market cap of $1,812.68, a PE ratio of 11.03 and a beta of 0.99. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.20. Horace Mann Educators Co. has a fifty-two week low of $33.85 and a fifty-two week high of $47.65.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $303.00 million during the quarter. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. analysts expect that Horace Mann Educators Co. will post 2.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, March 16th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.54%. Horace Mann Educators’s dividend payout ratio is currently 28.08%.
HMN has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of Horace Mann Educators in a report on Wednesday, December 6th. Zacks Investment Research cut Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.50.
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Horace Mann Educators 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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