Public Sector Pension investment Board decreased its stake in Horace Mann Educators Corporation (NYSE:HMN) by 28.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,795 shares of the insurance provider’s stock after selling 8,400 shares during the period. Public Sector Pension investment Board owned approximately 0.05% of Horace Mann Educators Corporation worth $786,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in shares of Horace Mann Educators Corporation by 11.8% in the second quarter. Advisors Asset Management Inc. now owns 28,565 shares of the insurance provider’s stock worth $1,080,000 after acquiring an additional 3,007 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Horace Mann Educators Corporation by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 59,319 shares of the insurance provider’s stock worth $2,239,000 after acquiring an additional 2,220 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Horace Mann Educators Corporation by 4.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 217,521 shares of the insurance provider’s stock worth $8,930,000 after acquiring an additional 8,590 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Horace Mann Educators Corporation by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 798,374 shares of the insurance provider’s stock worth $30,178,000 after acquiring an additional 13,130 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake 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 during the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.

In other Horace Mann Educators Corporation news, Director Robert Stricker sold 3,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total transaction of $137,725.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

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Shares of Horace Mann Educators Corporation (NYSE:HMN) opened at 40.10 on Friday. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The firm has a market cap of $1.63 billion, a P/E ratio of 25.85 and a beta of 1.09. The firm’s 50-day moving average is $37.20 and its 200-day moving average is $37.92.

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

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

Several equities research analysts have recently issued reports on HMN shares. TheStreet upgraded shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective on the stock in a research note on Tuesday, September 5th. Finally, Zacks Investment Research downgraded shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock 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.

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

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