ProShare Advisors LLC, an institutional investor, has increased its stake in Horace Mann Educators Co. by 5.9% during the first quarter, according to recent filings with the SEC. ProShare Advisors now owns 260,425 shares of the insurance provider’s stock, representing 0.64% of the company’s total shares. The total value of ProShare Advisors’ stake amounts to $8,719,000.
Other institutional investors and hedge funds have also made modifications to their holdings of Horace Mann Educators Co. Fuller & Thaler Asset Management Inc. grew its stake by 78.3% in the fourth quarter, while Channing Capital Management LLC increased its stake by 37.5% in the first quarter. Bank of America Corp DE and Citadel Advisors LLC also saw increases in their stakes during the first quarter. Additionally, New York State Common Retirement Fund increased its stake by 13.3% in the same period.
Horace Mann Educators Co. opened at $29.40 on Friday and has a market capitalization of $1.20 billion. The stock has a 12-month low of $27.81 and a 12-month high of $40.13. It has a quick ratio and current ratio of 0.10, and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $28.93 and a 200-day moving average price of $31.10.
Horace Mann Educators recently announced a quarterly dividend of $0.33 per share, which will be paid on September 29th to investors of record as of September 15th. The dividend represents an annualized payout of $1.32 per share and a dividend yield of 4.49%. The company’s dividend payout ratio is currently -488.87%.
Analysts from StockNews.com have given Horace Mann Educators Co. a “hold” rating. The company operates as an insurance holding company in the United States through its Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments.
– Securities & Exchange Commission (SEC) filing
– Wall Street Journal article
– MarketBeat news report
– StockNews.com research report
– Company press release