Exchange Traded Concepts LLC Has $819,000 Stake in Horace Mann Educators Corporation (NYSE:HMN)

Exchange Traded Concepts LLC decreased its position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 62.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,160 shares of the insurance provider's stock after selling 31,247 shares during the quarter. Exchange Traded Concepts LLC's holdings in Horace Mann Educators were worth $819,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 1,153 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Horace Mann Educators during the 4th quarter valued at $92,000. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Horace Mann Educators during the 4th quarter valued at $244,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Insider Transactions at Horace Mann Educators

In other news, EVP Bret A. Conklin sold 15,472 shares of Horace Mann Educators stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $43.52, for a total value of $673,341.44. Following the completion of the transaction, the executive vice president now directly owns 55,792 shares of the company's stock, valued at approximately $2,428,067.84. This trade represents a 21.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares of the company's stock, valued at approximately $584,738.98. This trade represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,014 shares of company stock valued at $2,328,368. Corporate insiders own 4.00% of the company's stock.

Horace Mann Educators Stock Up 0.1%

Shares of NYSE:HMN opened at $42.05 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 15.24 and a beta of 0.28. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.41. Horace Mann Educators Corporation has a 12-month low of $31.81 and a 12-month high of $44.44. The business has a fifty day simple moving average of $42.10 and a 200 day simple moving average of $40.93.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. The company had revenue of $416.40 million for the quarter, compared to analyst estimates of $421.40 million. During the same period in the prior year, the firm posted $0.62 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators declared that its board has authorized a stock buyback program on Tuesday, May 13th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Horace Mann Educators Dividend Announcement

The firm 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 $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Wall Street Zen raised Horace Mann Educators from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock 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.

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