Cramer Rosenthal Mcglynn LLC reduced its holdings in Horace Mann Educators Corporation (NYSE:HMN) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,760 shares of the insurance provider’s stock after selling 13,445 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.62% of Horace Mann Educators Corporation worth $9,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Horace Mann Educators Corporation by 51,596.4% in the first quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock worth $219,132,000 after acquiring an additional 5,327,848 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Horace Mann Educators Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after acquiring an additional 212,640 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Horace Mann Educators Corporation by 36.0% in the second quarter. Thrivent Financial For Lutherans now owns 514,633 shares of the insurance provider’s stock worth $19,453,000 after acquiring an additional 136,280 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Horace Mann Educators Corporation by 49.1% in the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock worth $16,225,000 after acquiring an additional 130,085 shares in the last quarter. Finally, Channing Capital Management LLC increased its position in shares of Horace Mann Educators Corporation by 13.7% in the second quarter. Channing Capital Management LLC now owns 1,042,845 shares of the insurance provider’s stock worth $39,420,000 after acquiring an additional 125,875 shares in the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.

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Horace Mann Educators Corporation (HMN) opened at 40.25 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 25.95 and a beta of 1.09. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15. The stock has a 50 day moving average of $37.20 and a 200 day moving average of $37.92.

Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The firm had revenue of $291.40 million during the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities research analysts forecast that Horace Mann Educators Corporation will post $1.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.275 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.74%. Horace Mann Educators Corporation’s dividend payout ratio is 70.97%.

In related news, Director Robert Stricker sold 3,500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $39.35, for a total value of $137,725.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

HMN has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $35.00 target price on shares of Horace Mann Educators Corporation in a research report on Friday, August 18th. TheStreet downgraded shares of Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub raised shares of Horace Mann Educators Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Horace Mann Educators Corporation has an average rating of “Hold” and a consensus price target of $37.00.

About Horace Mann Educators Corporation

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.

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

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