Horace Mann Educators Corporation $HMN Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in Horace Mann Educators Corporation by 0.7%, now owning approximately 5.51% of the company, valued at $96,084,000.
• Horace Mann Educators reported $1.06 EPS for the last quarter, significantly exceeding analysts' estimates of $0.61, and had a 12-month revenue increase of 6.1% compared to the previous year.
• The company announced a $50 million share repurchase plan, indicating that the board believes its shares may be undervalued.

Fuller & Thaler Asset Management Inc. lowered its position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,248,637 shares of the insurance provider's stock after selling 15,056 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 5.51% of Horace Mann Educators worth $96,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Horace Mann Educators during the first quarter valued at approximately $693,000. Assenagon Asset Management S.A. bought a new position in shares of Horace Mann Educators during the first quarter valued at approximately $275,000. Victory Capital Management Inc. grew its holdings in shares of Horace Mann Educators by 55.1% during the first quarter. Victory Capital Management Inc. now owns 33,644 shares of the insurance provider's stock valued at $1,438,000 after purchasing an additional 11,954 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Horace Mann Educators by 41.4% during the fourth quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock valued at $869,000 after purchasing an additional 6,483 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock valued at $115,000 after purchasing an additional 1,106 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $43.24, for a total transaction of $216,200.00. Following the completion of the transaction, the chief executive officer directly owned 310,451 shares of the company's stock, valued at approximately $13,423,901.24. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bret A. Conklin sold 15,472 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $43.52, for a total value of $673,341.44. Following the transaction, the executive vice president directly owned 55,792 shares of the company's stock, valued at approximately $2,428,067.84. The trade was a 21.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,198 shares of company stock valued at $2,210,975. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HMN. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Piper Sandler increased their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.75.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.6060 on Friday, reaching $46.0160. 188,882 shares of the stock traded hands, compared to its average volume of 248,651. The firm's fifty day simple moving average is $42.43 and its 200 day simple moving average is $41.93. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 13.61 and a beta of 0.27. Horace Mann Educators Corporation has a 12 month low of $33.00 and a 12 month high of $46.31.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.45. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $425.35 million. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. As a group, research analysts predict that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are often 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.