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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Horace Mann Educators by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider's stock worth $104,340,000 after buying an additional 47,074 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Horace Mann Educators by 183.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider's stock worth $84,827,000 after buying an additional 1,400,210 shares during the period. American Century Companies Inc. boosted its stake in Horace Mann Educators by 66.7% during the first quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider's stock worth $23,507,000 after buying an additional 220,174 shares during the period. Northern Trust Corp boosted its stake in Horace Mann Educators by 0.5% during the first quarter. Northern Trust Corp now owns 453,155 shares of the insurance provider's stock worth $19,363,000 after buying an additional 2,247 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Horace Mann Educators by 2.5% in the first quarter. Principal Financial Group Inc. now owns 240,695 shares of the insurance provider's stock valued at $10,285,000 after purchasing an additional 5,978 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Horace Mann Educators Stock Up 1.3%

HMN stock traded up $0.6060 during midday trading on Friday, reaching $46.0160. 188,882 shares of the company were exchanged, compared to its average volume of 231,463. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Corporation has a 1-year low of $33.00 and a 1-year high of $46.31. The stock's 50-day simple moving average is $42.50 and its 200 day simple moving average is $41.99. 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 (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.61 by $0.45. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Horace Mann Educators's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast 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 approved a stock repurchase program on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to buy up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HMN. Wall Street Zen lowered shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Piper Sandler raised their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Finally, BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the company an "outperform" rating in a report on Monday, July 28th. 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 stock. Based on data from MarketBeat, Horace Mann Educators presently has an average rating of "Moderate Buy" and an average price target of $46.75.

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.