Segall Bryant & Hamill LLC decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,219 shares of the insurance provider’s stock after selling 2,705 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Horace Mann Educators were worth $318,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Horace Mann Educators in the fourth quarter worth approximately $176,000. Stifel Financial Corp purchased a new position in shares of Horace Mann Educators in the third quarter worth approximately $203,000. Koch Industries Inc. bought a new stake in Horace Mann Educators during the 4th quarter worth approximately $263,000. QS Investors LLC raised its stake in Horace Mann Educators by 68.1% during the 4th quarter. QS Investors LLC now owns 7,388 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 2,993 shares during the period. Finally, Sei Investments Co. raised its stake in Horace Mann Educators by 35.2% during the 3rd quarter. Sei Investments Co. now owns 13,150 shares of the insurance provider’s stock worth $518,000 after acquiring an additional 3,427 shares during the period. 98.26% of the stock is currently owned by institutional investors.
A number of research firms have commented on HMN. Zacks Investment Research cut shares of Horace Mann Educators from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 21st. ValuEngine upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Finally, Keefe, Bruyette & Woods set a $43.00 target price on shares of Horace Mann Educators and gave the stock a “hold” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.50.
Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Horace Mann Educators had a net margin of 14.46% and a return on equity of 5.17%. The company had revenue of $303.00 million for the quarter. During the same quarter in the previous year, the business posted $0.52 EPS. Horace Mann Educators’s revenue was up 7.1% on a year-over-year basis. equities analysts forecast that Horace Mann Educators Co. will post 2.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.285 per share. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.14 dividend on an annualized basis and a yield of 2.75%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 28.08%.
In other news, CFO Bret A. Conklin sold 4,259 shares of Horace Mann Educators stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $44.82, for a total transaction of $190,888.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by company insiders.
Horace Mann Educators Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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