BlackRock Institutional Trust Company N.A. Boosts Stake in Horace Mann Educators Corporation (HMN)

BlackRock Institutional Trust Company N.A. Boosts Stake in Horace Mann Educators Corporation (HMN)

BlackRock Institutional Trust Company N.A. boosted its position in Horace Mann Educators Corporation (NYSE:HMN) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,036,773 shares of the company’s stock after buying an additional 12,800 shares during the period. BlackRock Institutional Trust Company N.A. owned about 2.58% of Horace Mann Educators Corporation worth $37,998,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Horace Mann Educators Corporation by 162.8% in the second quarter. Sei Investments Co. now owns 3,656 shares of the company’s stock worth $124,000 after buying an additional 2,265 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Horace Mann Educators Corporation by 40.0% in the third quarter. Sit Investment Associates Inc. now owns 3,500 shares of the company’s stock worth $128,000 after buying an additional 1,000 shares in the last quarter. PineBridge Investments L.P. boosted its stake in shares of Horace Mann Educators Corporation by 3.1% in the second quarter. PineBridge Investments L.P. now owns 5,088 shares of the company’s stock worth $172,000 after buying an additional 152 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Horace Mann Educators Corporation by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,698 shares of the company’s stock worth $193,000 after buying an additional 697 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Horace Mann Educators Corporation during the third quarter worth approximately $213,000. 99.89% of the stock is owned by institutional investors.

Shares of Horace Mann Educators Corporation (NYSE:HMN) traded down 2.55% during trading on Friday, hitting $42.10. The stock had a trading volume of 239,821 shares. The stock’s 50-day moving average is $42.86 and its 200-day moving average is $38.05. Horace Mann Educators Corporation has a 12-month low of $27.15 and a 12-month high of $43.65. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.64 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Monday, December 19th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, December 15th. Horace Mann Educators Corporation’s dividend payout ratio (DPR) is presently 51.71%.

A number of brokerages have commented on HMN. Janney Montgomery Scott cut Horace Mann Educators Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 2nd. They noted that the move was a valuation call. Langen Mcalenn cut Horace Mann Educators Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, November 2nd. Finally, Zacks Investment Research raised Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th.

In related news, SVP Bret A. Conklin sold 2,693 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $41.61, for a total value of $112,055.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

About Horace Mann Educators Corporation

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.

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