State of Alaska Department of Revenue Has $813,000 Holdings in Horace Mann Educators Co. (NYSE:HMN)

State of Alaska Department of Revenue lessened its position in Horace Mann Educators Co. (NYSE:HMN) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,272 shares of the insurance provider’s stock after selling 779 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Horace Mann Educators worth $813,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after acquiring an additional 164,036 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Horace Mann Educators by 22.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 150,955 shares of the insurance provider’s stock worth $5,276,000 after acquiring an additional 27,366 shares during the period. Exchange Traded Concepts LLC raised its holdings in Horace Mann Educators by 160.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 48,343 shares of the insurance provider’s stock worth $1,690,000 after acquiring an additional 29,774 shares during the period. Inspire Investing LLC raised its holdings in Horace Mann Educators by 9.0% in the 3rd quarter. Inspire Investing LLC now owns 11,673 shares of the insurance provider’s stock worth $408,000 after acquiring an additional 968 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares during the period. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James assumed coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Piper Sandler boosted their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares of the company’s stock, valued at $10,886,592.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $39.28 on Wednesday. The firm’s 50-day moving average is $35.56 and its 200-day moving average is $34.76. Horace Mann Educators Co. has a 52-week low of $31.53 and a 52-week high of $39.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.04 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Equities research analysts anticipate that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.46%. Horace Mann Educators’s payout ratio is currently 69.39%.

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.