Cramer Rosenthal Mcglynn LLC cut its stake in Horace Mann Educators Co. (NYSE:HMN) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,425 shares of the insurance provider’s stock after selling 7,980 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.88% of Horace Mann Educators worth $15,807,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Baldwin Brothers Inc. MA raised its position in shares of Horace Mann Educators by 2.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 53,393 shares of the insurance provider’s stock valued at $2,355,000 after purchasing an additional 1,240 shares during the period. California Public Employees Retirement System grew its stake in shares of Horace Mann Educators by 1.1% in the third quarter. California Public Employees Retirement System now owns 120,225 shares of the insurance provider’s stock valued at $4,731,000 after acquiring an additional 1,325 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Horace Mann Educators by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 277,898 shares of the insurance provider’s stock valued at $12,256,000 after acquiring an additional 1,340 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Horace Mann Educators by 5.0% in the third quarter. Advisors Asset Management Inc. now owns 29,994 shares of the insurance provider’s stock valued at $1,180,000 after acquiring an additional 1,429 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Horace Mann Educators by 9.8% in the third quarter. SG Americas Securities LLC now owns 16,150 shares of the insurance provider’s stock valued at $636,000 after acquiring an additional 1,436 shares in the last quarter. 98.26% of the stock is currently owned by institutional investors.
HMN has been the topic of several research reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th. Zacks Investment Research downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, ValuEngine upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.50.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Horace Mann Educators had a net margin of 14.46% and a return on equity of 5.17%. The business had revenue of $303.00 million for the quarter. During the same quarter last year, the company posted $0.52 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. research analysts anticipate that Horace Mann Educators Co. will post 2.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.62%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 16th. Horace Mann Educators’s dividend payout ratio is presently 27.09%.
In other Horace Mann Educators news, CFO Bret A. Conklin sold 2,938 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.81, for a total transaction of $125,775.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/03/14/horace-mann-educators-co-hmn-shares-sold-by-cramer-rosenthal-mcglynn-llc.html.
Horace Mann Educators Company 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.
Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.