State of New Jersey Common Pension Fund D Decreases Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

State of New Jersey Common Pension Fund D decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,870 shares of the insurance provider’s stock after selling 5,759 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Horace Mann Educators were worth $2,035,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HMN. Allspring Global Investments Holdings LLC grew its holdings in shares of Horace Mann Educators by 22.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 150,955 shares of the insurance provider’s stock valued at $5,276,000 after buying an additional 27,366 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Horace Mann Educators by 129.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Horace Mann Educators by 2.0% in the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after acquiring an additional 570 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Horace Mann Educators by 125.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 27,987 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after buying an additional 21,430 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now owns 294,324 shares in the company, valued at $10,998,887.88. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,817 shares of company stock valued at $583,020 in the last ninety days. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock opened at $39.75 on Monday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.03 and a beta of 0.31. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The business has a 50-day moving average of $39.24 and a 200 day moving average of $37.87.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.42%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.84%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HMN. Keefe, Bruyette & Woods raised their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler raised their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.67.

Horace Mann Educators Company 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.