Zurcher Kantonalbank Zurich Cantonalbank Reduces Holdings in Horace Mann Educators Co. (HMN)
Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Horace Mann Educators Co. (NYSE:HMN) by 16.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,840 shares of the insurance provider’s stock after selling 561 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Horace Mann Educators were worth $100,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Horace Mann Educators by 3.0% during the 4th quarter. Legal & General Group Plc now owns 110,946 shares of the insurance provider’s stock valued at $4,151,000 after acquiring an additional 3,208 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Horace Mann Educators by 24.8% during the 1st quarter. Deprince Race & Zollo Inc. now owns 882,267 shares of the insurance provider’s stock valued at $31,065,000 after acquiring an additional 175,395 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Horace Mann Educators by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 436,422 shares of the insurance provider’s stock valued at $16,344,000 after acquiring an additional 36,558 shares during the last quarter. Clean Yield Group acquired a new position in shares of Horace Mann Educators during the 4th quarter valued at about $28,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Horace Mann Educators by 361.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,289 shares of the insurance provider’s stock valued at $498,000 after acquiring an additional 10,409 shares during the last quarter.
HMN traded up $0.42 during midday trading on Friday, reaching $41.65. The company’s stock had a trading volume of 167,972 shares, compared to its average volume of 160,461. The firm has a market capitalization of $1.71 billion, a P/E ratio of 61.25 and a beta of 0.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.21. Horace Mann Educators Co. has a twelve month low of $34.38 and a twelve month high of $47.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 169.12%.
In other Horace Mann Educators news, Director Steve Hassenmiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $39.28, for a total value of $117,840.00. Following the completion of the sale, the director now owns 27,664 shares in the company, valued at approximately $1,086,641.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bret A. Conklin sold 6,466 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $35.99, for a total value of $232,711.34. The disclosure for this sale can be found here. Insiders sold a total of 13,309 shares of company stock worth $499,302 in the last ninety days. Insiders own 2.50% of the company’s stock.
HMN has been the topic of a number of analyst reports. TheStreet raised Horace Mann Educators from a “c+” rating to a “b” rating in a report on Friday, May 17th. Sandler O’Neill initiated coverage on Horace Mann Educators in a report on Wednesday. They set a “buy” rating and a $46.00 price objective on the stock.
Horace Mann Educators Company Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.
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