BlackRock Inc. Has $261.06 Million Position in Horace Mann Educators Co. (NYSE:HMN)

BlackRock Inc. lowered its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,041,632 shares of the insurance provider’s stock after selling 23,816 shares during the quarter. BlackRock Inc. owned 0.15% of Horace Mann Educators worth $261,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HMN. Norges Bank acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth about $24,397,000. Assenagon Asset Management S.A. acquired a new stake in shares of Horace Mann Educators during the first quarter worth about $8,489,000. First Pacific Advisors LP acquired a new stake in Horace Mann Educators in the 4th quarter valued at approximately $5,890,000. Channing Capital Management LLC raised its position in Horace Mann Educators by 17.4% in the 4th quarter. Channing Capital Management LLC now owns 899,338 shares of the insurance provider’s stock valued at $37,808,000 after buying an additional 133,174 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Horace Mann Educators by 16.6% in the 4th quarter. New York State Common Retirement Fund now owns 661,984 shares of the insurance provider’s stock valued at $27,830,000 after buying an additional 94,122 shares during the last quarter. 99.99% of the stock is currently owned by institutional investors.

NYSE:HMN opened at $38.27 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 10.46 and a beta of 0.62. Horace Mann Educators Co. has a twelve month low of $32.35 and a twelve month high of $44.74. The business’s 50 day moving average is $40.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, May 4th. The insurance provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The firm had revenue of $322.00 million for the quarter, compared to analyst estimates of $327.27 million. Horace Mann Educators had a return on equity of 9.15% and a net margin of 11.62%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts forecast that Horace Mann Educators Co. will post 3.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Tuesday, June 15th. Horace Mann Educators’s dividend payout ratio (DPR) is 36.47%.

In other Horace Mann Educators news, CEO Marita Zuraitis sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $42.59, for a total transaction of $141,952.47. Also, EVP Matthew P. Sharpe sold 987 shares of Horace Mann Educators stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $43.90, for a total value of $43,329.30. The disclosure for this sale can be found here. Insiders have sold a total of 8,203 shares of company stock worth $355,503 in the last ninety days. Insiders own 2.60% of the company’s stock.

HMN has been the topic of a number of recent research reports. Raymond James initiated coverage on Horace Mann Educators in a research report on Thursday, February 18th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Wednesday.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through five segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; supplemental insurance products, which includes cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term and indexed universal life insurance.

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

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