Hotchkis & Wiley Capital Management LLC reduced its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,918,251 shares of the insurance provider’s stock after selling 33,540 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 4.72% of Horace Mann Educators Corporation worth $72,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new position in Horace Mann Educators Corporation during the first quarter worth about $144,000. SG Americas Securities LLC grew its holdings in Horace Mann Educators Corporation by 41.3% during the first quarter. SG Americas Securities LLC now owns 3,709 shares of the insurance provider’s stock worth $152,000 after acquiring an additional 1,085 shares during the period. Stifel Financial Corp acquired a new position in Horace Mann Educators Corporation during the first quarter worth about $206,000. Amalgamated Bank grew its holdings in Horace Mann Educators Corporation by 1.4% during the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 78 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its holdings in Horace Mann Educators Corporation by 184.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 6,225 shares of the insurance provider’s stock worth $235,000 after acquiring an additional 4,035 shares during the period. Institutional investors and hedge funds own 98.26% of the company’s stock.

A number of research analysts recently issued reports on HMN shares. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $37.00 target price on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. TheStreet cut Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research note on Monday, August 28th. Zacks Investment Research cut Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Finally, BidaskClub cut Horace Mann Educators Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.50.

Shares of Horace Mann Educators Corporation (NYSE:HMN) traded up 1.89% during trading on Friday, reaching $37.65. The company had a trading volume of 320,703 shares. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15. The company has a 50 day moving average of $36.49 and a 200-day moving average of $38.23. The firm has a market capitalization of $1.53 billion, a P/E ratio of 24.27 and a beta of 1.07.

Horace Mann Educators Corporation (NYSE:HMN) last released its earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The company had revenue of $291.40 million during the quarter, compared to analyst estimates of $290.40 million. During the same period in the previous year, the company posted $0.25 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts expect that Horace Mann Educators Corporation will post $1.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, September 14th. Horace Mann Educators Corporation’s payout ratio is 70.97%.

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Horace Mann Educators Corporation Profile

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.

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

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