Thrivent Financial for Lutherans Sells 1,730 Shares of Horace Mann Educators Co. (NYSE:HMN)

Thrivent Financial for Lutherans lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,142 shares of the insurance provider’s stock after selling 1,730 shares during the period. Thrivent Financial for Lutherans’ holdings in Horace Mann Educators were worth $1,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMN. Franklin Resources Inc. grew its holdings in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Horace Mann Educators by 13.1% in the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after buying an additional 54,398 shares during the last quarter. Barclays PLC grew its stake in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 53,961 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of Horace Mann Educators during the fourth quarter valued at $1,511,000. Finally, Raymond James Financial Inc. purchased a new position in Horace Mann Educators in the fourth quarter worth about $1,121,000. Institutional investors own 99.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at approximately $11,753,965.60. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,817 shares of company stock valued at $415,140 in the last quarter. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HMN has been the topic of several research reports. Piper Sandler raised their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised 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, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.67.

Horace Mann Educators Price Performance

HMN stock opened at $42.69 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The company’s fifty day moving average price is $40.63 and its 200-day moving average price is $39.15. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.53. The company has a market capitalization of $1.74 billion, a PE ratio of 17.21 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, equities analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio (DPR) is currently 56.45%.

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.