UBS Asset Management Americas Inc. maintained its position in Horace Mann Educators Corporation (NYSE:HMN) during the third quarter, Holdings Channel reports. The fund owned 31,072 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc. owned about 0.08% of Horace Mann Educators Corporation worth $1,139,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its position in Horace Mann Educators Corporation by 40.0% in the third quarter. Sit Investment Associates Inc. now owns 3,500 shares of the company’s stock valued at $128,000 after buying an additional 1,000 shares during the last quarter. Sei Investments Co. boosted its position in Horace Mann Educators Corporation by 162.8% in the second quarter. Sei Investments Co. now owns 3,656 shares of the company’s stock valued at $124,000 after buying an additional 2,265 shares during the last quarter. PineBridge Investments L.P. boosted its position in Horace Mann Educators Corporation by 3.1% in the second quarter. PineBridge Investments L.P. now owns 5,088 shares of the company’s stock valued at $172,000 after buying an additional 152 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Horace Mann Educators Corporation by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,698 shares of the company’s stock valued at $193,000 after buying an additional 697 shares during the last quarter. Finally, Yorktown Management & Research Co Inc bought a new position in Horace Mann Educators Corporation during the third quarter valued at approximately $213,000. 99.64% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Horace Mann Educators Corporation (NYSE:HMN) traded up 0.94% during trading on Friday, hitting $42.85. 156,176 shares of the stock traded hands. Horace Mann Educators Corporation has a 1-year low of $27.15 and a 1-year high of $43.65. The company has a market cap of $1.72 billion, a PE ratio of 21.00 and a beta of 1.11. The company has a 50 day moving average of $42.31 and a 200-day moving average of $37.47.

Horace Mann Educators Corporation (NYSE:HMN) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.11. Horace Mann Educators Corporation had a net margin of 7.57% and a return on equity of 5.72%. The firm had revenue of $291.30 million for the quarter, compared to the consensus estimate of $219.60 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Horace Mann Educators Corporation will post $1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 19th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.06 annualized dividend and a dividend yield of 2.47%. Horace Mann Educators Corporation’s dividend payout ratio is presently 51.71%.

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Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Horace Mann Educators Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, October 27th. Janney Montgomery Scott cut shares of Horace Mann Educators Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. They noted that the move was a valuation call. Finally, Langen Mcalenn cut shares of Horace Mann Educators Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd.

In other news, SVP Bret A. Conklin sold 2,693 shares of the business’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $41.61, for a total value of $112,055.73. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

Horace Mann Educators Corporation Company Profile

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.

5 Day Chart for NYSE:HMN

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