California Public Employees Retirement System lessened its position in Horace Mann Educators Corporation (NYSE:HMN) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,900 shares of the insurance provider’s stock after selling 3,300 shares during the period. California Public Employees Retirement System owned approximately 0.29% of Horace Mann Educators Corporation worth $4,494,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of HMN. Advisors Asset Management Inc. lifted its position in Horace Mann Educators Corporation by 11.8% during the second quarter. Advisors Asset Management Inc. now owns 28,565 shares of the insurance provider’s stock worth $1,080,000 after buying an additional 3,007 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Horace Mann Educators Corporation by 3.9% during the second quarter. Great West Life Assurance Co. Can now owns 59,319 shares of the insurance provider’s stock worth $2,239,000 after buying an additional 2,220 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Horace Mann Educators Corporation by 4.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 217,521 shares of the insurance provider’s stock worth $8,930,000 after buying an additional 8,590 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Horace Mann Educators Corporation by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 798,374 shares of the insurance provider’s stock worth $30,178,000 after buying an additional 13,130 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Horace Mann Educators Corporation by 6.1% during the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after buying an additional 212,640 shares in the last quarter. 98.26% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective on the stock in a research report on Tuesday, September 5th. TheStreet downgraded Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

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Horace Mann Educators Corporation (NYSE:HMN) opened at 40.50 on Friday. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15. The company’s 50-day moving average price is $38.41 and its 200-day moving average price is $37.93. The stock has a market cap of $1.65 billion, a P/E ratio of 26.11 and a beta of 1.09.

Horace Mann Educators Corporation (NYSE:HMN) last posted 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 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 analysts’ expectations of $290.40 million. During the same period in the previous year, the company posted $0.25 EPS. Horace Mann Educators Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Horace Mann Educators Corporation will post $1.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, September 14th. Horace Mann Educators Corporation’s payout ratio is currently 70.97%.

In related news, Director Robert Stricker sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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.

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

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