Horace Mann Educators Co. (NYSE:HMN) Position Boosted by Bridgeway Capital Management Inc.

Bridgeway Capital Management Inc. grew its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 168,550 shares of the insurance provider’s stock after purchasing an additional 10,000 shares during the period. Bridgeway Capital Management Inc.’s holdings in Horace Mann Educators were worth $6,191,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HMN. Victory Capital Management Inc. boosted its holdings in shares of Horace Mann Educators by 0.8% in the second quarter. Victory Capital Management Inc. now owns 1,647,833 shares of the insurance provider’s stock worth $60,525,000 after buying an additional 13,359 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 6.1% in the first quarter. Geode Capital Management LLC now owns 642,923 shares of the insurance provider’s stock worth $23,524,000 after buying an additional 36,962 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of Horace Mann Educators by 47.8% in the first quarter. State of Tennessee Treasury Department now owns 20,642 shares of the insurance provider’s stock worth $755,000 after buying an additional 6,679 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Horace Mann Educators by 9.2% in the first quarter. BNP Paribas Arbitrage SA now owns 17,488 shares of the insurance provider’s stock worth $640,000 after buying an additional 1,473 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Horace Mann Educators by 8.7% in the second quarter. Comerica Bank now owns 43,742 shares of the insurance provider’s stock worth $1,676,000 after buying an additional 3,485 shares during the period.

In related news, CFO Bret A. Conklin sold 4,031 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $38.35, for a total transaction of $154,588.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew P. Sharpe sold 11,515 shares of Horace Mann Educators stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $38.74, for a total transaction of $446,091.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,592 shares of company stock worth $754,671. Insiders own 2.60% of the company’s stock.

HMN has been the subject of several recent analyst reports. ValuEngine cut shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a report on Monday, August 17th. TheStreet raised shares of Horace Mann Educators from a “c+” rating to a “b-” rating in a research report on Thursday, August 6th. Finally, Zacks Investment Research raised shares of Horace Mann Educators from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research report on Wednesday, August 12th.

Shares of NYSE HMN traded down $0.06 during mid-day trading on Wednesday, reaching $33.99. The company had a trading volume of 10,954 shares, compared to its average volume of 188,281. The stock has a fifty day moving average of $38.45 and a two-hundred day moving average of $36.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.47 and a beta of 0.48. Horace Mann Educators Co. has a 12-month low of $30.48 and a 12-month high of $47.41.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.23. The business had revenue of $314.90 million during the quarter, compared to analyst estimates of $330.50 million. Horace Mann Educators had a net margin of 8.34% and a return on equity of 7.64%. Sell-side analysts forecast that Horace Mann Educators Co. will post 3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, September 15th. Horace Mann Educators’s payout ratio is presently 54.55%.

Horace Mann Educators Profile

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

Featured Article: Why do earnings reports matter?

Want to see what other hedge funds are holding HMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horace Mann Educators Co. (NYSE:HMN).

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

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.