Horace Mann Educators Co. (HMN) Position Raised by Flinton Capital Management LLC
Flinton Capital Management LLC increased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 8.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,432 shares of the insurance provider’s stock after buying an additional 352 shares during the quarter. Flinton Capital Management LLC’s holdings in Horace Mann Educators were worth $166,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new position in Horace Mann Educators in the fourth quarter worth approximately $26,000. Clean Yield Group acquired a new position in Horace Mann Educators in the fourth quarter worth approximately $28,000. Bessemer Group Inc. grew its position in Horace Mann Educators by 1,045.3% in the fourth quarter. Bessemer Group Inc. now owns 3,287 shares of the insurance provider’s stock worth $123,000 after buying an additional 3,000 shares during the last quarter. Laurion Capital Management LP acquired a new position in Horace Mann Educators in the third quarter worth approximately $271,000. Finally, Virtu Financial LLC acquired a new position in Horace Mann Educators in the fourth quarter worth approximately $240,000.
In other Horace Mann Educators news, Director Beverley J. Mcclure sold 1,800 shares of Horace Mann Educators stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $37.08, for a total transaction of $66,744.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bret A. Conklin sold 3,443 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $39.09, for a total transaction of $134,586.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,043 shares of company stock worth $385,915. Corporate insiders own 2.20% of the company’s stock.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Tuesday, February 5th. The insurance provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Horace Mann Educators had a return on equity of 2.12% and a net margin of 1.54%. The firm had revenue of $278.50 million for the quarter. As a group, equities analysts expect that Horace Mann Educators Co. will post 2.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.07%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, March 15th. Horace Mann Educators’s payout ratio is presently 167.65%.
HMN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. TheStreet lowered shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th.
About Horace Mann Educators
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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