Assetmark Inc. Has $48,000 Position in Horace Mann Educators Co. (NYSE:HMN)

Assetmark Inc. grew its stake in Horace Mann Educators Co. (NYSE:HMNGet Rating) by 29.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the insurance provider’s stock after purchasing an additional 310 shares during the period. Assetmark Inc.’s holdings in Horace Mann Educators were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HMN. Bank of America Corp DE raised its holdings in Horace Mann Educators by 10.6% in the 1st quarter. Bank of America Corp DE now owns 1,476,105 shares of the insurance provider’s stock valued at $61,745,000 after buying an additional 140,973 shares during the last quarter. Sei Investments Co. raised its holdings in Horace Mann Educators by 32.8% in the 2nd quarter. Sei Investments Co. now owns 545,528 shares of the insurance provider’s stock valued at $20,937,000 after buying an additional 134,723 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Horace Mann Educators by 1,028.1% in the 1st quarter. Renaissance Technologies LLC now owns 93,631 shares of the insurance provider’s stock valued at $3,917,000 after buying an additional 85,331 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Horace Mann Educators in the 2nd quarter valued at approximately $2,963,000. Finally, JPMorgan Chase & Co. raised its holdings in Horace Mann Educators by 38.2% during the 1st quarter. JPMorgan Chase & Co. now owns 159,434 shares of the insurance provider’s stock worth $6,670,000 after purchasing an additional 44,088 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Horace Mann Educators in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Horace Mann Educators Stock Up 0.7 %

Horace Mann Educators stock opened at $36.92 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.10 and a current ratio of 0.10. Horace Mann Educators Co. has a 52-week low of $32.60 and a 52-week high of $42.95. The firm has a 50 day moving average price of $37.41 and a two-hundred day moving average price of $36.87. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 27.55 and a beta of 0.41.

Horace Mann Educators (NYSE:HMNGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.10. The firm had revenue of $343.00 million during the quarter, compared to analyst estimates of $351.85 million. Horace Mann Educators had a net margin of 4.12% and a return on equity of 6.67%. Equities analysts predict that Horace Mann Educators Co. will post 1.73 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 3.47%. Horace Mann Educators’s dividend payout ratio is currently 95.52%.

Insider Activity

In other news, EVP Matthew P. Sharpe sold 3,500 shares of Horace Mann Educators stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $37.94, for a total value of $132,790.00. Following the completion of the sale, the executive vice president now owns 57,370 shares in the company, valued at approximately $2,176,617.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 7,560 shares of company stock worth $285,561 in the last quarter. 3.20% of the stock is owned by corporate insiders.

About Horace Mann Educators

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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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Institutional Ownership by Quarter for Horace Mann Educators (NYSE:HMN)

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