Oppenheimer Asset Management Inc. decreased its holdings in Horace Mann Educators Co. (NYSE:HMN – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,874 shares of the insurance provider’s stock after selling 551 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.06% of Horace Mann Educators worth $930,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. raised its position in Horace Mann Educators by 29.8% in the 3rd quarter. Assetmark Inc. now owns 1,350 shares of the insurance provider’s stock worth $48,000 after buying an additional 310 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Horace Mann Educators by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 41,601 shares of the insurance provider’s stock worth $1,555,000 after buying an additional 319 shares during the last quarter. Inspire Investing LLC raised its position in Horace Mann Educators by 6.4% in the 3rd quarter. Inspire Investing LLC now owns 5,850 shares of the insurance provider’s stock worth $206,000 after buying an additional 353 shares during the last quarter. Yousif Capital Management LLC raised its position in Horace Mann Educators by 1.0% in the 1st quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock worth $1,605,000 after buying an additional 389 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Horace Mann Educators by 4.7% in the 4th quarter. Bank of Montreal Can now owns 12,238 shares of the insurance provider’s stock worth $466,000 after buying an additional 550 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have weighed in on HMN shares. StockNews.com assumed coverage on Horace Mann Educators in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Piper Sandler cut their price target on Horace Mann Educators from $38.00 to $36.00 in a research note on Wednesday, April 5th.
Horace Mann Educators Trading Up 2.3 %
Horace Mann Educators (NYSE:HMN – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The insurance provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The business had revenue of $346.80 million during the quarter, compared to the consensus estimate of $341.30 million. Horace Mann Educators had a positive return on equity of 3.02% and a negative net margin of 0.76%. Analysts predict that Horace Mann Educators Co. will post 2.05 EPS for the current year.
Horace Mann Educators Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Thursday, March 16th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. Horace Mann Educators’s payout ratio is -507.69%.
About Horace Mann Educators
Horace Mann Educators Corp. is an insurance holding company, which engages in the provision of insurance and retirement solutions to educators and school employees. It operates through the following business segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. The Property and Casualty segment focuses on personal lines of automobile and property insurance products.
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