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Oregon Public Employees Retirement Fund Sells 400 Shares of Horace Mann Educators Co. (NYSE:HMN)

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Oregon Public Employees Retirement Fund trimmed its holdings in Horace Mann Educators Co. (NYSE:HMNGet Rating) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,696 shares of the insurance provider’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Horace Mann Educators were worth $657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UMB Bank N A MO bought a new position in shares of Horace Mann Educators during the 4th quarter valued at approximately $64,000. Inspire Investing LLC bought a new position in shares of Horace Mann Educators during the 1st quarter valued at approximately $238,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Horace Mann Educators by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,038 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 1,308 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Horace Mann Educators by 19.5% during the 4th quarter. Teacher Retirement System of Texas now owns 7,978 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Horace Mann Educators by 17.5% during the 4th quarter. Fifth Third Bancorp now owns 9,051 shares of the insurance provider’s stock valued at $350,000 after acquiring an additional 1,347 shares during the last quarter.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $33.67 on Friday. The stock’s fifty day moving average is $37.79 and its 200 day moving average is $39.37. Horace Mann Educators Co. has a fifty-two week low of $32.61 and a fifty-two week high of $42.95. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.11 and a current ratio of 0.11.

Horace Mann Educators (NYSE:HMNGet Rating) last released its quarterly earnings results on Thursday, May 5th. The insurance provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.30). Horace Mann Educators had a net margin of 8.71% and a return on equity of 7.57%. The company had revenue of $346.80 million for the quarter, compared to analysts’ expectations of $339.80 million. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.17 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $1.28 dividend on an annualized basis and a yield of 3.80%. Horace Mann Educators’s payout ratio is 45.55%.

Insiders Place Their Bets

In other Horace Mann Educators news, Director Thomas A. Bradley bought 5,000 shares of Horace Mann Educators stock in a transaction on Wednesday, May 11th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the completion of the purchase, the director now directly owns 7,500 shares in the company, valued at approximately $284,700. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Horace Mann Educators in a research report on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler lowered their target price on Horace Mann Educators from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday.

Horace Mann Educators Profile

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.

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