Deprince Race & Zollo Inc. Has $36.66 Million Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Deprince Race & Zollo Inc. lessened its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 20.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 934,583 shares of the insurance provider's stock after selling 241,050 shares during the period. Deprince Race & Zollo Inc. owned 2.29% of Horace Mann Educators worth $36,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HMN. Barclays PLC increased its holdings in Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after purchasing an additional 53,961 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 72.9% in the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 671 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 valued at $1,996,000 after acquiring an additional 581 shares during the period. Integrated Investment Consultants LLC bought a new position in Horace Mann Educators during the 4th quarter worth approximately $216,000. Finally, Exchange Traded Concepts LLC grew 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 valued at $1,977,000 after purchasing an additional 2,064 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HMN shares. Piper Sandler boosted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. StockNews.com upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods raised their target price on shares of 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 reiterated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Three research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.67.

Horace Mann Educators Stock Down 1.2%

NYSE HMN traded down $0.52 during trading on Tuesday, hitting $41.48. The stock had a trading volume of 203,149 shares, compared to its average volume of 242,730. The company has a market capitalization of $1.69 billion, a PE ratio of 16.73 and a beta of 0.28. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69. The company's 50-day moving average price is $41.31 and its two-hundred day moving average price is $40.43. 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 (NYSE:HMN - Get Free Report) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. The business had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 17th. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.38%. Horace Mann Educators's dividend payout ratio (DPR) is 50.72%.

Insider Transactions at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $41.40, for a total value of $207,000.00. Following the transaction, the chief executive officer now owns 315,451 shares in the company, valued at approximately $13,059,671.40. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now directly owns 13,643 shares of the company's stock, valued at $584,738.98. This represents a 17.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,816 shares of company stock worth $543,144 over the last quarter. Company insiders own 4.00% 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.