PNC Financial Services Group Inc. Cuts Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

PNC Financial Services Group Inc. reduced its position in Horace Mann Educators Co. (NYSE:HMN) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,957 shares of the insurance provider’s stock after selling 398 shares during the period. PNC Financial Services Group Inc.’s holdings in Horace Mann Educators were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HMN. Franklin Resources Inc. raised its position in shares of Horace Mann Educators by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock worth $117,001,000 after acquiring an additional 303,501 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Horace Mann Educators by 1.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock worth $32,575,000 after purchasing an additional 17,620 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Horace Mann Educators by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after purchasing an additional 20,706 shares in the last quarter. Bragg Financial Advisors Inc grew its holdings in Horace Mann Educators by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock valued at $15,420,000 after purchasing an additional 1,424 shares during the period. Finally, Ariel Investments LLC increased its position in shares of Horace Mann Educators by 1.2% in the third quarter. Ariel Investments LLC now owns 340,981 shares of the insurance provider’s stock valued at $10,018,000 after buying an additional 4,041 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Piper Sandler dropped their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Hold” and a consensus target price of $37.50.

Horace Mann Educators Trading Down 1.4 %

Shares of HMN stock opened at $32.62 on Monday. Horace Mann Educators Co. has a fifty-two week low of $27.81 and a fifty-two week high of $39.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s fifty day moving average is $34.81 and its two-hundred day moving average is $34.98. The firm has a market capitalization of $1.34 billion, a P/E ratio of 20.91 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. The business had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Research analysts expect that Horace Mann Educators Co. will post 2.95 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.17%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Horace Mann Educators Profile

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.