First Trust Advisors LP reduced its stake in Horace Mann Educators Corporation (NYSE:HMN) by 86.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,272 shares of the insurance provider’s stock after selling 85,719 shares during the period. First Trust Advisors LP’s holdings in Horace Mann Educators Corporation were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Arizona State Retirement System grew its stake in Horace Mann Educators Corporation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock worth $800,000 after acquiring an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Horace Mann Educators Corporation by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 228,968 shares of the insurance provider’s stock worth $8,655,000 after acquiring an additional 11,447 shares in the last quarter. Palisade Capital Management LLC NJ grew its stake in Horace Mann Educators Corporation by 164.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 111,610 shares of the insurance provider’s stock worth $4,219,000 after acquiring an additional 69,390 shares in the last quarter. Sei Investments Co. grew its stake in Horace Mann Educators Corporation by 25.9% in the 2nd quarter. Sei Investments Co. now owns 9,723 shares of the insurance provider’s stock worth $367,000 after acquiring an additional 2,002 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in Horace Mann Educators Corporation by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock worth $1,119,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of 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 note on Tuesday, September 5th. TheStreet downgraded shares of Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.50.

Horace Mann Educators Corporation (HMN) opened at 37.90 on Tuesday. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.44 and a beta of 1.07. The stock’s 50 day moving average is $36.55 and its 200-day moving average is $38.10.

Horace Mann Educators Corporation (NYSE:HMN) last released 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 net margin of 5.59% and a return on equity of 4.56%. Horace Mann Educators Corporation’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, analysts expect that Horace Mann Educators Corporation will post $1.40 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 14th. Horace Mann Educators Corporation’s payout ratio is currently 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.

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

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