Millennium Management LLC decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,629 shares of the insurance provider’s stock after selling 127,264 shares during the period. Millennium Management LLC’s holdings in Horace Mann Educators were worth $20,547,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of HMN. Teacher Retirement System of Texas acquired a new position in shares of Horace Mann Educators in the fourth quarter worth $620,000. California Public Employees Retirement System grew its stake in shares of Horace Mann Educators by 5.6% in the fourth quarter. California Public Employees Retirement System now owns 127,012 shares of the insurance provider’s stock worth $5,601,000 after acquiring an additional 6,787 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Horace Mann Educators by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 277,898 shares of the insurance provider’s stock worth $12,256,000 after acquiring an additional 1,340 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Horace Mann Educators by 224.5% in the fourth quarter. Arizona State Retirement System now owns 68,351 shares of the insurance provider’s stock worth $3,014,000 after acquiring an additional 47,285 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Horace Mann Educators by 11.7% in the fourth quarter. Rhumbline Advisers now owns 111,389 shares of the insurance provider’s stock worth $4,912,000 after acquiring an additional 11,655 shares in the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.
Shares of Horace Mann Educators opened at $44.60 on Monday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $1.82 billion, a P/E ratio of 25.63 and a beta of 0.91. Horace Mann Educators Co. has a 12 month low of $33.85 and a 12 month high of $47.65.
Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, May 2nd. The insurance provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.12). The firm had revenue of $295.50 million for the quarter. Horace Mann Educators had a return on equity of 5.53% and a net margin of 14.77%. sell-side analysts anticipate that Horace Mann Educators Co. will post 2.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Thursday, June 14th were paid a dividend of $0.285 per share. The ex-dividend date was Wednesday, June 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.56%. Horace Mann Educators’s payout ratio is currently 65.52%.
In related news, insider William J. Caldwell sold 9,692 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $44.32, for a total transaction of $429,549.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John P. Mccarthy sold 6,971 shares of the business’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $44.64, for a total transaction of $311,185.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,194 shares of company stock valued at $2,014,468. Insiders own 2.20% of the company’s stock.
Several research firms have commented on HMN. Zacks Investment Research upgraded shares of Horace Mann Educators from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.50.
Horace Mann Educators Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.
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