Assetmark Inc. Raises Stake in Horace Mann Educators Co. (NYSE:HMN)

Assetmark Inc. increased its stake in Horace Mann Educators Co. (NYSE:HMNGet Rating) by 29.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,350 shares of the insurance provider’s stock after buying an additional 310 shares during the quarter. Assetmark Inc.’s holdings in Horace Mann Educators were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Horace Mann Educators by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,076,433 shares of the insurance provider’s stock worth $254,178,000 after buying an additional 40,134 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Horace Mann Educators by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,963,155 shares of the insurance provider’s stock worth $207,609,000 after buying an additional 38,840 shares during the last quarter. State Street Corp raised its stake in Horace Mann Educators by 1.9% in the 2nd quarter. State Street Corp now owns 1,553,176 shares of the insurance provider’s stock valued at $59,611,000 after acquiring an additional 28,539 shares during the period. Bank of America Corp DE raised its stake in Horace Mann Educators by 10.6% in the 1st quarter. Bank of America Corp DE now owns 1,476,105 shares of the insurance provider’s stock valued at $61,745,000 after acquiring an additional 140,973 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Horace Mann Educators by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 598,357 shares of the insurance provider’s stock valued at $25,029,000 after acquiring an additional 12,787 shares during the period.

Insider Activity

In other news, EVP Matthew P. Sharpe sold 3,500 shares of the company’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $37.94, for a total transaction of $132,790.00. Following the sale, the executive vice president now directly owns 57,370 shares in the company, valued at $2,176,617.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 7,560 shares of company stock worth $285,561 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Horace Mann Educators in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Horace Mann Educators Trading Up 0.7 %

Shares of Horace Mann Educators stock opened at $36.92 on Monday. Horace Mann Educators Co. has a 52-week low of $32.60 and a 52-week high of $42.95. The stock’s 50-day simple moving average is $37.41 and its 200 day simple moving average is $36.87. The stock has a market capitalization of $1.51 billion, a P/E ratio of 27.55 and a beta of 0.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.10 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMNGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. Horace Mann Educators had a return on equity of 6.67% and a net margin of 4.12%. The business had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $351.85 million. As a group, research analysts anticipate that Horace Mann Educators Co. will post 1.73 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Wednesday, December 14th. Horace Mann Educators’s dividend payout ratio is presently 95.52%.

Horace Mann Educators Profile

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.

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

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