Franklin Resources Inc. Has $40.48 Million Position in Horace Mann Educators Corporation (HMN)

Franklin Resources Inc. lifted its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,070,909 shares of the insurance provider’s stock after buying an additional 98,309 shares during the quarter. Franklin Resources Inc. owned 2.63% of Horace Mann Educators Corporation worth $40,481,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Horace Mann Educators Corporation by 11.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 28,565 shares of the insurance provider’s stock valued at $1,080,000 after buying an additional 3,007 shares during the period. Boston Private Wealth LLC increased its holdings in Horace Mann Educators Corporation by 29.9% during the 1st quarter. Boston Private Wealth LLC now owns 15,987 shares of the insurance provider’s stock worth $656,000 after purchasing an additional 3,679 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Horace Mann Educators Corporation by 4.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 217,521 shares of the insurance provider’s stock worth $8,930,000 after purchasing an additional 8,590 shares during the last quarter. Vanguard Group Inc. increased its holdings in Horace Mann Educators Corporation by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after purchasing an additional 212,640 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Horace Mann Educators Corporation by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 59,319 shares of the insurance provider’s stock worth $2,239,000 after purchasing an additional 2,220 shares during the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.

Several research firms have issued reports on HMN. Keefe, Bruyette & Woods upgraded Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective on the stock in a report on Tuesday, September 5th. TheStreet downgraded Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, BidaskClub downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Horace Mann Educators Corporation has a consensus rating of “Hold” and an average target price of $38.50.

ILLEGAL ACTIVITY WARNING: “Franklin Resources Inc. Has $40.48 Million Position in Horace Mann Educators Corporation (HMN)” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/17/franklin-resources-inc-has-40-48-million-position-in-horace-mann-educators-corporation-hmn.html.

Shares of Horace Mann Educators Corporation (NYSE HMN) opened at 37.65 on Friday. The firm’s 50-day moving average price is $36.49 and its 200 day moving average price is $38.23. Horace Mann Educators Corporation has a 12-month low of $33.30 and a 12-month high of $44.15. The stock has a market capitalization of $1.53 billion, a P/E ratio of 24.27 and a beta of 1.07.

Horace Mann Educators Corporation (NYSE:HMN) last posted its quarterly earnings data on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The business had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. During the same period in the prior year, the firm posted $0.25 EPS. Horace Mann Educators Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts predict that Horace Mann Educators Corporation will post $1.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.92%. Horace Mann Educators Corporation’s dividend payout ratio is presently 70.97%.

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

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