Horace Mann Educators Co. (HMN) Stake Lessened by O Shaughnessy Asset Management LLC

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O Shaughnessy Asset Management LLC lessened its stake in Horace Mann Educators Co. (NYSE:HMN) by 68.5% during the fourth quarter, HoldingsChannel reports. The firm owned 683 shares of the insurance provider’s stock after selling 1,482 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Horace Mann Educators were worth $26,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund grew its position in Horace Mann Educators by 3.8% in the 4th quarter. Texas Permanent School Fund now owns 26,791 shares of the insurance provider’s stock worth $1,003,000 after purchasing an additional 984 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Horace Mann Educators during the 4th quarter worth about $674,000. BlackRock Inc. lifted its holdings in shares of Horace Mann Educators by 1.4% during the 4th quarter. BlackRock Inc. now owns 5,962,193 shares of the insurance provider’s stock worth $223,283,000 after acquiring an additional 84,899 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Horace Mann Educators by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 595,823 shares of the insurance provider’s stock worth $22,314,000 after acquiring an additional 1,531 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Horace Mann Educators by 1.4% during the 4th quarter. California Public Employees Retirement System now owns 116,321 shares of the insurance provider’s stock worth $4,356,000 after acquiring an additional 1,575 shares during the period.

In other Horace Mann Educators news, Director Steve Hassenmiller sold 3,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $39.28, for a total value of $117,840.00. Following the completion of the transaction, the director now directly owns 27,664 shares of the company’s stock, valued at $1,086,641.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 1,800 shares of the business’s stock in a transaction dated Monday, December 31st. The stock was sold at an average price of $37.08, for a total transaction of $66,744.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,043 shares of company stock valued at $385,915 over the last three months. 2.20% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, TheStreet downgraded shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a report on Thursday, February 28th.

Shares of HMN stock opened at $37.62 on Friday. Horace Mann Educators Co. has a 12-month low of $35.34 and a 12-month high of $47.50. The stock has a market cap of $1.54 billion, a P/E ratio of 55.32 and a beta of 0.80. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.23.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Tuesday, February 5th. The insurance provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Horace Mann Educators had a net margin of 1.54% and a return on equity of 2.12%. The firm had revenue of $278.50 million for the quarter. On average, equities research analysts expect that Horace Mann Educators Co. will post 2.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be issued a dividend of $0.2875 per share. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, March 15th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 167.65%.

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Horace Mann Educators Profile

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, 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; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

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

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