Bridgeway Capital Management LLC Purchases 32,505 Shares of Horace Mann Educators Corporation $HMN

Bridgeway Capital Management LLC increased its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,431 shares of the insurance provider’s stock after acquiring an additional 32,505 shares during the period. Bridgeway Capital Management LLC owned about 0.86% of Horace Mann Educators worth $15,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in Horace Mann Educators by 2,693.3% during the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock worth $179,000 after purchasing an additional 4,040 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Horace Mann Educators by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock worth $362,000 after buying an additional 325 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Horace Mann Educators by 107.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,052 shares of the insurance provider’s stock worth $1,968,000 after buying an additional 23,818 shares during the last quarter. Nuveen LLC bought a new stake in shares of Horace Mann Educators during the 1st quarter worth $5,089,000. Finally, Public Sector Pension Investment Board boosted its stake in Horace Mann Educators by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 129,258 shares of the insurance provider’s stock valued at $5,523,000 after buying an additional 27,712 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $45.35, for a total value of $226,750.00. Following the sale, the chief executive officer owned 283,788 shares in the company, valued at approximately $12,869,785.80. The trade was a 1.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 1,082 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $45.40, for a total value of $49,122.80. Following the transaction, the director owned 16,733 shares of the company’s stock, valued at $759,678.20. This trade represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,398 shares of company stock valued at $921,348. Company insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HMN. Wall Street Zen downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Horace Mann Educators in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $46.07 on Friday. The stock’s 50-day moving average is $45.05 and its 200-day moving average is $44.16. Horace Mann Educators Corporation has a 1-year low of $36.20 and a 1-year high of $48.33. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.87 billion, a P/E ratio of 11.66 and a beta of 0.08.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Horace Mann Educators had a net margin of 9.79% and a return on equity of 15.69%. The business had revenue of $330.60 million during the quarter. Equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Horace Mann Educators’s payout ratio is currently 35.44%.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.