Russell Investments Group Ltd. raised its holdings in Horace Mann Educators Corporation (NYSE:HMN) by 867.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 191,680 shares of the insurance provider’s stock after acquiring an additional 171,872 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.47% of Horace Mann Educators worth $7,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Amalgamated Bank boosted its stake in shares of Horace Mann Educators by 1.4% in the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 78 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Horace Mann Educators by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock valued at $800,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Horace Mann Educators by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,564 shares of the insurance provider’s stock valued at $966,000 after purchasing an additional 248 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Horace Mann Educators by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock valued at $1,119,000 after purchasing an additional 395 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Horace Mann Educators by 2.9% in the 2nd quarter. Aperio Group LLC now owns 24,199 shares of the insurance provider’s stock valued at $915,000 after purchasing an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

Horace Mann Educators Corporation (NYSE HMN) traded up $0.05 during trading on Friday, hitting $45.55. 191,300 shares of the company’s stock were exchanged, compared to its average volume of 159,014. Horace Mann Educators Corporation has a 12-month low of $33.85 and a 12-month high of $47.65. The company has a market capitalization of $1,850.36, a price-to-earnings ratio of 28.44 and a beta of 1.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.47. Horace Mann Educators had a net margin of 5.56% and a return on equity of 4.94%. The firm had revenue of $289.80 million for the quarter, compared to analyst estimates of $293.10 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. sell-side analysts forecast that Horace Mann Educators Corporation will post 1.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, December 15th. Horace Mann Educators’s dividend payout ratio (DPR) is 71.43%.

HMN has been the topic of several research analyst reports. TheStreet raised shares of Horace Mann Educators from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Friday, October 27th.

In other news, Director Robert Stricker sold 3,829 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.75, for a total value of $175,176.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by company insiders.

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Horace Mann Educators 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 (NYSE:HMN)

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