Kennedy Capital Management Inc. lowered its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,062 shares of the insurance provider’s stock after selling 26,888 shares during the period. Kennedy Capital Management Inc.’s holdings in Horace Mann Educators were worth $4,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Midwest Bank Trust Division increased its position in shares of Horace Mann Educators by 1.6% during the first quarter. First Midwest Bank Trust Division now owns 18,036 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 285 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Horace Mann Educators by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 15,856 shares of the insurance provider’s stock valued at $558,000 after acquiring an additional 286 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Horace Mann Educators by 3.1% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,747 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 296 shares in the last quarter. Raymond James & Associates increased its position in shares of Horace Mann Educators by 4.2% during the first quarter. Raymond James & Associates now owns 8,171 shares of the insurance provider’s stock valued at $288,000 after acquiring an additional 333 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Horace Mann Educators by 8.6% during the fourth quarter. Flinton Capital Management LLC now owns 4,432 shares of the insurance provider’s stock valued at $166,000 after acquiring an additional 352 shares in the last quarter.

Shares of HMN traded up $0.02 on Wednesday, hitting $41.02. 166 shares of the stock traded hands, compared to its average volume of 157,303. 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 Co. has a one year low of $34.38 and a one year high of $47.50. The company has a market capitalization of $1.71 billion, a P/E ratio of 60.32 and a beta of 0.72.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Tuesday, April 30th. The insurance provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Horace Mann Educators had a net margin of 2.51% and a return on equity of 2.48%. The business had revenue of $313.20 million during the quarter. On average, sell-side analysts expect that Horace Mann Educators Co. will post 2.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 169.12%.

In other Horace Mann Educators news, CFO Bret A. Conklin sold 6,466 shares of Horace Mann Educators 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 7,266 shares of company stock valued at $263,051. 2.50% of the stock is currently owned by insiders.

Several brokerages recently weighed in on HMN. TheStreet downgraded shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th. Sandler O’Neill began coverage on shares of Horace Mann Educators in a research report on Wednesday, May 22nd. They set a “buy” rating and a $46.00 price target for the company.

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

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