Horace Mann Educators Co. (NYSE:HMN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Horace Mann Educators Co. (NYSE:HMN) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,794 shares of the insurance provider’s stock after selling 400 shares during the quarter. HighTower Advisors LLC’s holdings in Horace Mann Educators were worth $541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC raised its holdings in Horace Mann Educators by 34.6% during the third quarter. Intech Investment Management LLC now owns 22,748 shares of the insurance provider’s stock worth $795,000 after purchasing an additional 5,851 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Horace Mann Educators by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after acquiring an additional 6,254 shares during the period. Quantbot Technologies LP acquired a new position in Horace Mann Educators in the third quarter valued at $560,000. FMR LLC lifted its holdings in shares of Horace Mann Educators by 49.7% during the 3rd quarter. FMR LLC now owns 8,525 shares of the insurance provider’s stock worth $298,000 after acquiring an additional 2,830 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Horace Mann Educators by 9.2% in the 3rd quarter. Martingale Asset Management L P now owns 48,054 shares of the insurance provider’s stock valued at $1,679,000 after purchasing an additional 4,043 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted 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. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Piper Sandler increased their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.67.

Insider Activity

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,817 shares of company stock worth $415,140 over the last three months. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Price Performance

HMN opened at $42.69 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $40.63 and its 200 day moving average price is $39.11. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 17.21 and a beta of 0.25. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.53.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio is currently 56.45%.

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.