Quest Partners LLC Sells 1,442 Shares of Horace Mann Educators Co. (NYSE:HMN)

Quest Partners LLC lessened its holdings in Horace Mann Educators Co. (NYSE:HMN) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,477 shares of the insurance provider’s stock after selling 1,442 shares during the period. Quest Partners LLC’s holdings in Horace Mann Educators were worth $156,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HMN. Empowered Funds LLC boosted its holdings in Horace Mann Educators by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 163,047 shares of the insurance provider’s stock valued at $5,698,000 after acquiring an additional 8,308 shares during the period. KBC Group NV raised its stake in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Horace Mann Educators by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock worth $2,014,000 after purchasing an additional 2,895 shares in the last quarter. Summit Global Investments acquired a new position in shares of Horace Mann Educators during the third quarter valued at about $674,000. Finally, Principal Financial Group Inc. lifted its position in 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 worth $7,812,000 after acquiring an additional 21,430 shares during the period. 99.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at $10,886,592.64. The trade was a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,751 shares of company stock worth $1,946,895. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on HMN. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Raymond James started coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Finally, Piper Sandler lifted their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.67.

Horace Mann Educators Stock Up 1.0 %

Horace Mann Educators stock opened at $41.84 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of 16.67 and a beta of 0.27. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50 day moving average price of $37.76 and a 200 day moving average price of $35.26.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Research analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

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.