GW&K Investment Management LLC Sells 25,849 Shares of Horace Mann Educators Corporation (NYSE:HMN)

GW&K Investment Management LLC lowered its holdings in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 856,930 shares of the insurance provider's stock after selling 25,849 shares during the period. GW&K Investment Management LLC owned approximately 2.09% of Horace Mann Educators worth $36,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its holdings in Horace Mann Educators by 2.1% during the 4th quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock worth $521,000 after acquiring an additional 272 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Horace Mann Educators by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider's stock worth $1,274,000 after buying an additional 380 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in shares of Horace Mann Educators by 1.9% in the 4th quarter. Sit Investment Associates Inc. now owns 21,825 shares of the insurance provider's stock worth $856,000 after buying an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Horace Mann Educators by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider's stock valued at $917,000 after purchasing an additional 810 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Horace Mann Educators by 4.2% in the 4th quarter. MetLife Investment Management LLC now owns 25,051 shares of the insurance provider's stock valued at $983,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Trading Up 0.3%

Shares of NYSE:HMN traded up $0.14 on Friday, hitting $41.52. The company had a trading volume of 33,797 shares, compared to its average volume of 249,962. The firm's 50-day simple moving average is $42.44 and its two-hundred day simple moving average is $41.21. Horace Mann Educators Corporation has a 1 year low of $31.95 and a 1 year 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 capitalization of $1.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.19. The company had revenue of $416.40 million during the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. Horace Mann Educators's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Equities analysts anticipate that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.37%. Horace Mann Educators's dividend payout ratio is currently 50.72%.

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

Analyst Ratings Changes

HMN has been the subject of a number of research reports. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Wall Street Zen raised shares of Horace Mann Educators from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, Piper Sandler increased their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, EVP Bret A. Conklin sold 4,760 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $42.90, for a total transaction of $204,204.00. Following the completion of the sale, the executive vice president directly owned 58,587 shares in the company, valued at approximately $2,513,382.30. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $42.87, for a total transaction of $214,350.00. Following the sale, the chief executive officer owned 307,155 shares of the company's stock, valued at approximately $13,167,734.85. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,198 shares of company stock worth $2,206,575. 4.00% of the stock is owned by corporate insiders.

About Horace Mann Educators

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.