Citadel Advisors LLC boosted its position in Horace Mann Educators Corporation (NYSE:HMN) by 605.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,770 shares of the insurance provider’s stock after acquiring an additional 41,854 shares during the period. Citadel Advisors LLC owned about 0.12% of Horace Mann Educators Corporation worth $1,844,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Horace Mann Educators Corporation by 51,596.4% in the 1st quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock valued at $219,132,000 after acquiring an additional 5,327,848 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Horace Mann Educators Corporation by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after purchasing an additional 212,640 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Horace Mann Educators Corporation by 36.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 514,633 shares of the insurance provider’s stock worth $19,453,000 after purchasing an additional 136,280 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Horace Mann Educators Corporation by 49.1% during the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock worth $16,225,000 after purchasing an additional 130,085 shares during the last quarter. Finally, Channing Capital Management LLC boosted its holdings in shares of Horace Mann Educators Corporation by 13.7% during the second quarter. Channing Capital Management LLC now owns 1,042,845 shares of the insurance provider’s stock worth $39,420,000 after purchasing an additional 125,875 shares during the last quarter. 98.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Horace Mann Educators Corporation (NYSE HMN) opened at 39.35 on Monday. 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 $36.55 and a 200 day moving average of $38.10. The firm has a market capitalization of $1.60 billion, a PE ratio of 25.37 and a beta of 1.08.

Horace Mann Educators Corporation (NYSE:HMN) last posted its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The company had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. Horace Mann Educators Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, analysts anticipate that Horace Mann Educators Corporation will post $1.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.10 annualized dividend and a yield of 2.80%. Horace Mann Educators Corporation’s dividend payout ratio is presently 70.97%.

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HMN has been the subject of a number of recent analyst reports. TheStreet downgraded Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub upgraded Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. 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 upgraded Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 target price on the stock in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Horace Mann Educators Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.50.

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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