ProShare Advisors LLC Has $8.01 Million Position in Horace Mann Educators Co. (NYSE:HMN)

ProShare Advisors LLC lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,550 shares of the insurance provider’s stock after selling 16,612 shares during the period. ProShare Advisors LLC owned 0.53% of Horace Mann Educators worth $8,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of Horace Mann Educators by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock valued at $117,001,000 after purchasing an additional 303,501 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Horace Mann Educators by 1.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock worth $32,575,000 after acquiring an additional 17,620 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Horace Mann Educators by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after acquiring an additional 20,706 shares during the period. Bragg Financial Advisors Inc grew its holdings in Horace Mann Educators by 0.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after acquiring an additional 1,424 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Horace Mann Educators by 14.2% during the 1st quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider’s stock worth $12,548,000 after acquiring an additional 42,308 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HMN. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Finally, Piper Sandler lowered their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.50.

Horace Mann Educators Stock Up 0.9 %

NYSE:HMN traded up $0.32 on Wednesday, hitting $35.24. 259,217 shares of the company’s stock were exchanged, compared to its average volume of 229,560. The firm has a 50-day moving average price of $33.74 and a 200-day moving average price of $34.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $39.25. The company has a market cap of $1.44 billion, a P/E ratio of 22.40 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The firm had revenue of $386.00 million for the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. As a group, analysts expect that Horace Mann Educators Co. will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.86%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 87.18%.

Horace Mann Educators Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.