Horace Mann Educators Corporation $HMN Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 38.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,164 shares of the insurance provider’s stock after buying an additional 54,614 shares during the period. ProShare Advisors LLC owned about 0.49% of Horace Mann Educators worth $8,794,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HMN. Vise Technologies Inc. grew its holdings in shares of Horace Mann Educators by 2.8% in the 3rd quarter. Vise Technologies Inc. now owns 9,140 shares of the insurance provider’s stock valued at $408,000 after acquiring an additional 250 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Horace Mann Educators by 13.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,500 shares of the insurance provider’s stock worth $379,000 after purchasing an additional 1,000 shares during the period. Tectonic Advisors LLC grew its holdings in Horace Mann Educators by 20.8% during the third quarter. Tectonic Advisors LLC now owns 21,193 shares of the insurance provider’s stock worth $945,000 after purchasing an additional 3,656 shares during the period. Inspire Investing LLC grew its holdings in Horace Mann Educators by 7.9% during the third quarter. Inspire Investing LLC now owns 14,168 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 1,038 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Horace Mann Educators by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 23,836 shares of the insurance provider’s stock worth $1,063,000 after buying an additional 1,315 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a research report on Thursday, August 13th. Zacks Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Weiss Ratings lowered Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $59.00.

View Our Latest Research Report on HMN

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Perry G. Hines sold 3,237 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $52.22, for a total transaction of $169,036.14. Following the sale, the director owned 25,118 shares of the company’s stock, valued at approximately $1,311,661.96. The trade was a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Donald M. Carley sold 2,054 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $52.28, for a total value of $107,383.12. Following the completion of the transaction, the general counsel directly owned 28,760 shares of the company’s stock, valued at approximately $1,503,572.80. The trade was a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,291 shares of company stock valued at $1,005,488 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Trending Headlines about Horace Mann Educators

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Horace Mann Educators Stock Down 0.6%

NYSE HMN opened at $47.47 on Wednesday. The company has a 50 day moving average of $47.59 and a 200-day moving average of $46.91. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 11.09 and a beta of 0.09. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 1-year low of $41.29 and a 1-year high of $55.56.

Horace Mann Educators (NYSE:HMN – Get Free Report) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.96. The company had revenue of $439.20 million for the quarter, compared to analyst estimates of $320.00 million. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. During the same period in the prior year, the firm posted $1.36 EPS. On average, equities research analysts expect that Horace Mann Educators Corporation will post 4.78 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 33.64%.

Horace Mann Educators Profile

(Free Report)

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and employees of public schools. The company provides products designed to address the personal insurance, life insurance and retirement needs of educators, school administrators and other education professionals.

Its offerings include automobile and homeowners insurance, life insurance, supplemental insurance products and retirement annuities. Horace Mann also provides retirement planning resources and other financial services intended to help educators prepare for retirement and manage their long-term financial needs.

Founded in 1945, the company is headquartered in Springfield, Illinois, and markets its products primarily through a network of agents serving the education community across the United States.

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

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