Horace Mann Educators Co. (HMN) Position Increased by Deprince Race & Zollo Inc.

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Deprince Race & Zollo Inc. increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 24.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 882,267 shares of the insurance provider’s stock after acquiring an additional 175,395 shares during the quarter. Horace Mann Educators makes up about 0.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 23rd largest position. Deprince Race & Zollo Inc.’s holdings in Horace Mann Educators were worth $31,065,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Horace Mann Educators by 1.4% during the 4th quarter. BlackRock Inc. now owns 5,962,193 shares of the insurance provider’s stock valued at $223,283,000 after purchasing an additional 84,899 shares during the last quarter. Vanguard Group Inc raised its position in Horace Mann Educators by 1.7% during the third quarter. Vanguard Group Inc now owns 4,179,041 shares of the insurance provider’s stock worth $187,640,000 after acquiring an additional 68,665 shares during the last quarter. Vanguard Group Inc. raised its position in Horace Mann Educators by 1.7% during the third quarter. Vanguard Group Inc. now owns 4,179,041 shares of the insurance provider’s stock worth $187,640,000 after acquiring an additional 68,665 shares during the last quarter. Bank of New York Mellon Corp raised its position in Horace Mann Educators by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 868,862 shares of the insurance provider’s stock worth $39,013,000 after acquiring an additional 16,724 shares during the last quarter. Finally, Norges Bank acquired a new position in Horace Mann Educators during the fourth quarter worth about $27,116,000.

HMN traded up $0.48 during midday trading on Thursday, reaching $37.90. 34,970 shares of the company’s stock were exchanged, compared to its average volume of 170,873. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.55 billion, a P/E ratio of 55.74 and a beta of 0.79. Horace Mann Educators Co. has a 1-year low of $34.38 and a 1-year high of $47.50.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.2875 per share. The ex-dividend date was Friday, March 15th. This represents a $1.15 dividend on an annualized basis and a yield of 3.03%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.29. Horace Mann Educators’s payout ratio is presently 169.12%.

A number of equities analysts have issued reports on HMN shares. Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. TheStreet cut shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th.

In other news, Director Steve Hassenmiller sold 3,000 shares of the business’s stock in a transaction that occurred on 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 owns 27,664 shares of the company’s stock, valued at $1,086,641.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bret A. Conklin sold 6,466 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.99, for a total transaction of $232,711.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,309 shares of company stock valued at $499,302. 2.20% of the stock is currently owned by company insiders.

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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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