Horace Mann Educators Corporation (HMN) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,425 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Legal & General Group Plc’s holdings in Horace Mann Educators Corporation were worth $3,095,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Horace Mann Educators Corporation during the fourth quarter worth approximately $147,000. Ameritas Investment Partners Inc. bought a new stake in shares of Horace Mann Educators Corporation during the first quarter worth approximately $144,000. SG Americas Securities LLC boosted its stake in shares of Horace Mann Educators Corporation by 41.3% in the first quarter. SG Americas Securities LLC now owns 3,709 shares of the insurance provider’s stock worth $152,000 after buying an additional 1,085 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Horace Mann Educators Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,450 shares of the insurance provider’s stock worth $182,000 after buying an additional 100 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Horace Mann Educators Corporation during the first quarter worth approximately $206,000. 99.11% of the stock is owned by institutional investors.

Horace Mann Educators Corporation (NYSE HMN) opened at 37.90 on Monday. The firm has a market cap of $1.54 billion, a P/E ratio of 21.29 and a beta of 1.06. The firm’s 50-day moving average price is $38.36 and its 200-day moving average price is $40.51. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15.

Horace Mann Educators Corporation (NYSE:HMN) last released its quarterly earnings data on Monday, April 24th. The insurance provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.18. The firm had revenue of $287.30 million for the quarter, compared to the consensus estimate of $288.70 million. Horace Mann Educators Corporation had a net margin of 6.45% and a return on equity of 5.21%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities research analysts expect that Horace Mann Educators Corporation will post $1.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 14th were given a dividend of $0.275 per share. The ex-dividend date was Monday, June 12th. This represents a $1.10 annualized dividend and a dividend yield of 2.90%. Horace Mann Educators Corporation’s payout ratio is 61.45%.

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A number of analysts have recently commented on the company. BidaskClub cut Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $37.00 price objective on shares of Horace Mann Educators Corporation in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.50.

In related news, CFO Bret A. Conklin sold 4,085 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $37.95, for a total transaction of $155,025.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew P. Sharpe sold 2,355 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total value of $90,667.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

About Horace Mann Educators Corporation

Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.

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

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