Horace Mann Educators Corporation (NYSE:HMN) Shares Sold by Exchange Traded Concepts LLC

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

Other large investors also recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Horace Mann Educators by 2.1% in the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock valued at $521,000 after acquiring an additional 272 shares in the last quarter. Victory Capital Management Inc. grew its stake in Horace Mann Educators by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock worth $851,000 after purchasing an additional 305 shares in the last quarter. Sit Investment Associates Inc. grew its stake in Horace Mann Educators by 1.9% in the fourth quarter. Sit Investment Associates Inc. now owns 21,825 shares of the insurance provider's stock worth $856,000 after purchasing an additional 400 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in 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. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Horace Mann Educators by 2.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider's stock worth $1,261,000 after purchasing an additional 672 shares in the last quarter. Institutional investors own 99.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen cut Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Raymond James Financial reiterated a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Insider Activity

In other news, EVP Bret A. Conklin sold 4,760 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $42.90, for a total transaction of $204,204.00. Following the transaction, the executive vice president now directly owns 58,587 shares in the company, valued at $2,513,382.30. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $43.24, for a total transaction of $216,200.00. Following the sale, the chief executive officer now directly owns 310,451 shares in the company, valued at approximately $13,423,901.24. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,014 shares of company stock worth $2,328,368 in the last ninety days. Company insiders own 3.80% of the company's stock.

Horace Mann Educators Price Performance

Shares of NYSE:HMN traded up $1.02 during trading on Monday, reaching $43.16. 230,578 shares of the company's stock traded hands, compared to its average volume of 248,782. Horace Mann Educators Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.76 billion, a PE ratio of 15.64 and a beta of 0.28. The company has a 50-day simple moving average of $42.21 and a 200-day simple moving average of $40.94.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results 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 return on equity of 11.86% and a net margin of 7.04%. The firm had revenue of $416.40 million for the quarter, compared to analysts' expectations of $421.40 million. During the same period last year, the firm earned $0.62 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced 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 3.24%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

Horace Mann Educators announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 13th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

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.