Parametric Portfolio Associates LLC raised its stake in Horace Mann Educators Corporation (NYSE:HMN) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,260 shares of the insurance provider’s stock after buying an additional 21,319 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.51% of Horace Mann Educators Corporation worth $7,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMN. UBS Asset Management Americas Inc. lifted its stake in Horace Mann Educators Corporation by 47.8% in the first quarter. UBS Asset Management Americas Inc. now owns 29,084 shares of the insurance provider’s stock valued at $1,194,000 after buying an additional 9,412 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Horace Mann Educators Corporation in the first quarter valued at approximately $144,000. Mason Street Advisors LLC lifted its stake in Horace Mann Educators Corporation by 7.4% in the first quarter. Mason Street Advisors LLC now owns 9,433 shares of the insurance provider’s stock valued at $387,000 after buying an additional 647 shares in the last quarter. Stifel Financial Corp bought a new position in Horace Mann Educators Corporation in the first quarter valued at approximately $206,000. Finally, SG Americas Securities LLC lifted its stake in 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 valued at $152,000 after buying an additional 1,085 shares in the last quarter. 98.26% of the stock is currently owned by hedge funds and other institutional investors.

In other Horace Mann Educators Corporation news, Director Robert Stricker sold 3,500 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total transaction of $137,725.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Shares of Horace Mann Educators Corporation (HMN) opened at 40.45 on Wednesday. The stock has a 50 day moving average of $37.73 and a 200-day moving average of $37.89. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 26.08 and a beta of 1.09.

Horace Mann Educators Corporation (NYSE:HMN) last issued its 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). Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The firm had revenue of $291.40 million during the quarter, compared to the consensus estimate of $290.40 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Horace Mann Educators Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Horace Mann Educators Corporation will post $1.28 EPS for the current 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 dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, September 14th. Horace Mann Educators Corporation’s dividend payout ratio (DPR) is presently 70.97%.

A number of research analysts have weighed in on the stock. TheStreet raised shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. BidaskClub lowered shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $35.00 price objective on shares of Horace Mann Educators Corporation in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Horace Mann Educators Corporation currently has an average rating of “Hold” and a consensus target price of $37.00.

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Horace Mann Educators Corporation Company 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.

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

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