Stone Ridge Asset Management LLC trimmed its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,493 shares of the insurance provider’s stock after selling 3,967 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Horace Mann Educators were worth $356,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HMN. Wells Fargo & Company MN boosted its position in Horace Mann Educators by 5.4% during the 3rd quarter. Wells Fargo & Company MN now owns 283,006 shares of the insurance provider’s stock worth $12,706,000 after acquiring an additional 14,382 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Horace Mann Educators by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 868,862 shares of the insurance provider’s stock worth $39,013,000 after acquiring an additional 16,724 shares during the last quarter. BlackRock Inc. boosted its position in Horace Mann Educators by 4.2% during the 3rd quarter. BlackRock Inc. now owns 5,877,294 shares of the insurance provider’s stock worth $263,890,000 after acquiring an additional 239,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Horace Mann Educators by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,451,244 shares of the insurance provider’s stock worth $154,961,000 after acquiring an additional 32,370 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Horace Mann Educators by 3.2% during the 3rd quarter. Eaton Vance Management now owns 339,022 shares of the insurance provider’s stock worth $15,222,000 after acquiring an additional 10,652 shares during the last quarter.
In related news, Director Steve Hassenmiller sold 3,000 shares of the stock in a transaction 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 sale, the director now owns 27,664 shares in the company, valued at approximately $1,086,641.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bret A. Conklin sold 6,466 shares of the stock in a transaction on Thursday, March 21st. The shares were 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. In the last quarter, insiders have sold 13,309 shares of company stock worth $499,302. Company insiders own 2.50% of the company’s stock.
Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Tuesday, February 5th. The insurance provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). Horace Mann Educators had a return on equity of 2.12% and a net margin of 1.54%. The company had revenue of $278.50 million for the quarter. On average, sell-side analysts expect that Horace Mann Educators Co. will post 2.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.29. Horace Mann Educators’s dividend payout ratio is currently 169.12%.
A number of research firms have weighed in on HMN. TheStreet downgraded Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th. Zacks Investment Research raised Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, January 4th.
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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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