DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stock Position in Horace Mann Educators Co. (NYSE:HMN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 97.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,302 shares of the insurance provider's stock after selling 99,198 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Horace Mann Educators were worth $90,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HMN. EP Wealth Advisors LLC purchased a new position in Horace Mann Educators during the fourth quarter valued at $255,000. Jane Street Group LLC lifted its stake in Horace Mann Educators by 41.4% in the 4th quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock valued at $869,000 after buying an additional 6,483 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Horace Mann Educators by 12.0% in the 4th quarter. AQR Capital Management LLC now owns 137,420 shares of the insurance provider's stock worth $5,391,000 after buying an additional 14,739 shares during the last quarter. Northern Trust Corp boosted its holdings in Horace Mann Educators by 3.3% in the 4th quarter. Northern Trust Corp now owns 450,908 shares of the insurance provider's stock worth $17,689,000 after buying an additional 14,543 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Horace Mann Educators by 42.3% in the fourth quarter. Voya Investment Management LLC now owns 19,287 shares of the insurance provider's stock valued at $757,000 after acquiring an additional 5,732 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Stock Up 2.2%

Shares of NYSE HMN traded up $0.93 during midday trading on Friday, hitting $43.51. The company's stock had a trading volume of 523,597 shares, compared to its average volume of 246,265. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.54 and a beta of 0.28. The business's fifty day simple moving average is $41.35 and its two-hundred day simple moving average is $40.48. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $44.14.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.88 by $0.19. The company had revenue of $416.40 million during the quarter, compared to analysts' expectations 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 was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. On average, equities analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 13th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio is presently 50.72%.

Insider Buying and Selling

In related news, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the transaction, the director now owns 13,643 shares of the company's stock, valued at $584,738.98. This represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $41.40, for a total value of $207,000.00. Following the sale, the chief executive officer now directly owns 315,451 shares of the company's stock, valued at $13,059,671.40. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,816 shares of company stock worth $543,144. Company insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HMN shares. Raymond James boosted their price target on shares of Horace Mann Educators from $46.00 to $49.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Piper Sandler upped their price objective 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 lifted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th. StockNews.com upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Three equities 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

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.