Schwab Charles Investment Management Inc. lifted its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 228,968 shares of the insurance provider’s stock after buying an additional 11,447 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.56% of Horace Mann Educators Corporation worth $8,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its position in shares of Horace Mann Educators Corporation by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 59,319 shares of the insurance provider’s stock worth $2,239,000 after buying an additional 2,220 shares during the period. Vanguard Group Inc. grew its position in shares of Horace Mann Educators Corporation by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after buying an additional 212,640 shares during the period. Baldwin Brothers Inc. MA acquired a new stake in shares of Horace Mann Educators Corporation during the 2nd quarter worth approximately $1,617,000. Russell Investments Group Ltd. grew its position in shares of Horace Mann Educators Corporation by 539.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,808 shares of the insurance provider’s stock worth $749,000 after buying an additional 16,708 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Horace Mann Educators Corporation by 1.9% during the 1st quarter. Arizona State Retirement System now owns 21,066 shares of the insurance provider’s stock worth $865,000 after buying an additional 400 shares during the period. 98.26% of the stock is owned by institutional investors.

Shares of Horace Mann Educators Corporation (NYSE HMN) opened at 39.75 on Thursday. The company has a 50-day moving average of $37.13 and a 200 day moving average of $37.91. The firm has a market cap of $1.62 billion, a P/E ratio of 25.63 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.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.77%. Horace Mann Educators Corporation’s dividend payout ratio (DPR) is 70.97%.

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 value of $137,725.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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Several analysts have recently commented on HMN shares. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $35.00 price objective on shares of Horace Mann Educators Corporation in a research report on Friday, August 18th. 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. 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. Finally, TheStreet raised shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Horace Mann Educators Corporation currently has an average rating of “Hold” and an average target price of $37.00.

Horace Mann Educators Corporation 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.

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

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