Allspring Global Investments Holdings LLC trimmed its position in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,264 shares of the insurance provider's stock after selling 12,188 shares during the period. Allspring Global Investments Holdings LLC owned about 0.34% of Horace Mann Educators worth $6,006,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Horace Mann Educators during the 1st quarter valued at approximately $693,000. Assenagon Asset Management S.A. bought a new position in shares of Horace Mann Educators during the 1st quarter valued at approximately $275,000. Jane Street Group LLC grew its stake in shares of Horace Mann Educators by 41.4% during the 4th quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock valued at $869,000 after acquiring an additional 6,483 shares during the period. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 69.5% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock valued at $115,000 after acquiring an additional 1,106 shares during the period. Finally, Norges Bank bought a new position in shares of Horace Mann Educators during the 4th quarter valued at approximately $4,209,000. 99.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $42.87, for a total value of $214,350.00. Following the completion of the sale, the chief executive officer directly owned 307,155 shares in the company, valued at approximately $13,167,734.85. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bret A. Conklin sold 4,760 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $42.90, for a total value of $204,204.00. Following the completion of the sale, the executive vice president owned 58,587 shares of the company's stock, valued at approximately $2,513,382.30. This trade represents a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,198 shares of company stock worth $2,206,575 in the last three months. 4.00% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts recently commented on HMN shares. Piper Sandler boosted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.33.
Check Out Our Latest Research Report on HMN
Horace Mann Educators Stock Down 1.3%
Shares of HMN traded down $0.52 during midday trading on Wednesday, reaching $40.98. 209,560 shares of the stock were exchanged, compared to its average volume of 249,177. Horace Mann Educators Corporation has a 52 week low of $31.95 and a 52 week high of $44.44. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.41. The company's 50 day moving average is $42.62 and its two-hundred day moving average is $41.07. The company has a market capitalization of $1.67 billion, a P/E ratio of 14.85 and a beta of 0.27.
Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.19. The business had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a return on equity of 11.86% and a net margin of 7.04%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. On average, sell-side analysts anticipate that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.
Horace Mann Educators declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Horace Mann Educators Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is currently 50.72%.
About Horace Mann Educators
(
Free Report)
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.
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