Xact Kapitalforvaltning AB boosted its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 16.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,930 shares of the insurance provider’s stock after buying an additional 1,800 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Horace Mann Educators were worth $455,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Horace Mann Educators by 1.4% in the fourth 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 period. Victory Capital Management Inc. boosted its stake in shares of Horace Mann Educators by 5.3% in the first quarter. Victory Capital Management Inc. now owns 2,237,360 shares of the insurance provider’s stock valued at $78,777,000 after purchasing an additional 111,805 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Horace Mann Educators by 24.8% in the first quarter. Deprince Race & Zollo Inc. now owns 882,267 shares of the insurance provider’s stock valued at $31,065,000 after purchasing an additional 175,395 shares during the period. Norges Bank purchased a new position in shares of Horace Mann Educators in the fourth quarter valued at approximately $27,116,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Horace Mann Educators by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 595,823 shares of the insurance provider’s stock valued at $22,314,000 after purchasing an additional 1,531 shares during the period.
Several research analysts have recently commented on the stock. Sandler O’Neill assumed coverage on shares of Horace Mann Educators in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $46.00 price objective for the company. TheStreet raised shares of Horace Mann Educators from a “c+” rating to a “b” rating in a research note on Friday, May 17th.
In related news, CFO Bret A. Conklin sold 6,466 shares of the firm’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 value of $232,711.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 7,266 shares of company stock worth $263,051. 2.50% of the stock is owned by corporate insiders.
NYSE:HMN traded up $0.12 during mid-day trading on Friday, hitting $41.02. The stock had a trading volume of 265 shares, compared to its average volume of 125,461. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 60.38 and a beta of 0.72. Horace Mann Educators Co. has a twelve month low of $34.38 and a twelve month high of $47.50. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.21.
Horace Mann Educators (NYSE:HMN) last issued its earnings results on Tuesday, April 30th. The insurance provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.10. The firm had revenue of $313.20 million for the quarter. Horace Mann Educators had a net margin of 2.51% and a return on equity of 2.48%. On average, equities analysts anticipate that Horace Mann Educators Co. will post 2.1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.15 annualized dividend and a yield of 2.80%. Horace Mann Educators’s dividend payout ratio (DPR) is 169.12%.
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Horace Mann Educators Company 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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