Horace Mann Educators Co. (NYSE:HMN) Stock Position Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 81.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,599 shares of the insurance provider's stock after selling 85,417 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Horace Mann Educators were worth $769,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Horace Mann Educators by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider's stock valued at $196,339,000 after buying an additional 32,586 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Horace Mann Educators by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock valued at $135,890,000 after purchasing an additional 521,437 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Horace Mann Educators by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider's stock valued at $104,340,000 after purchasing an additional 47,074 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Horace Mann Educators by 183.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider's stock valued at $84,827,000 after purchasing an additional 1,400,210 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Horace Mann Educators by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock valued at $22,239,000 after purchasing an additional 8,570 shares during the period. Institutional investors own 99.28% of the company's stock.

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the completion of the sale, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at $13,808,233.59. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the firm's 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 sale, the director now directly owns 13,643 shares of the company's stock, valued at $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 12,816 shares of company stock valued at $543,144. Corporate insiders own 4.00% of the company's stock.

Horace Mann Educators Stock Down 0.3%

Horace Mann Educators stock traded down $0.11 during mid-day trading on Friday, hitting $42.93. The company's stock had a trading volume of 239,680 shares, compared to its average volume of 251,159. The firm's 50 day moving average is $41.59 and its 200 day moving average is $40.72. The company has a market cap of $1.75 billion, a PE ratio of 17.31 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators announced that its board has authorized a share buyback program on Tuesday, May 13th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.26%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio is currently 50.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price target on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Tuesday, February 11th. Raymond James reiterated a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Horace Mann Educators has an average rating of "Moderate Buy" and an average price target of $46.00.

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.