Horace Mann Educators Co. (NYSE:HMN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Horace Mann Educators Co. (NYSE:HMN) by 23.9% in the 4th quarter, HoldingsChannel reports. The fund owned 191,102 shares of the insurance provider’s stock after selling 60,016 shares during the period. New York State Common Retirement Fund’s holdings in Horace Mann Educators were worth $7,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HMN. Nisa Investment Advisors LLC raised its position in 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 in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Horace Mann Educators by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock worth $1,996,000 after purchasing an additional 581 shares during the last quarter. KBC Group NV raised its holdings in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares in the last quarter. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 671 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Horace Mann Educators by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,407 shares of the insurance provider’s stock worth $1,977,000 after buying an additional 2,064 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, February 11th. Finally, Piper Sandler upped their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus target price of $43.67.

Horace Mann Educators Trading Down 0.5 %

NYSE HMN opened at $40.56 on Thursday. The firm’s 50 day moving average price is $39.26 and its two-hundred day moving average price is $37.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 16.35 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Equities analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.84%.

Insider Activity at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now owns 298,324 shares in the company, valued at $11,753,965.60. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,817 shares of company stock valued at $583,020. Corporate insiders own 3.80% of the company’s stock.

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.