New York State Common Retirement Fund Sells 9,962 Shares of Horace Mann Educators Corporation (NYSE:HMN)

New York State Common Retirement Fund cut its position in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,140 shares of the insurance provider's stock after selling 9,962 shares during the quarter. New York State Common Retirement Fund owned about 0.44% of Horace Mann Educators worth $7,740,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 1,153 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock valued at $115,000 after buying an additional 1,106 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Horace Mann Educators in the fourth quarter valued at about $244,000. EP Wealth Advisors LLC acquired a new stake in shares of Horace Mann Educators in the fourth quarter valued at about $255,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Horace Mann Educators in the first quarter valued at about $275,000. 99.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Victor Fetter bought 3,500 shares of the stock in a transaction dated Tuesday, May 20th. The stock was bought at an average price of $44.03 per share, for a total transaction of $154,105.00. Following the purchase, the director directly owned 14,655 shares in the company, valued at $645,259.65. This trade represents a 31.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $41.40, for a total value of $207,000.00. Following the completion of the transaction, the chief executive officer owned 315,451 shares of the company's stock, valued at approximately $13,059,671.40. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,198 shares of company stock valued at $2,206,575 in the last 90 days. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HMN. Wall Street Zen raised Horace Mann Educators from a "buy" rating to a "strong-buy" rating in a research note on Friday. Piper Sandler raised their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.33.

Horace Mann Educators Stock Performance

NYSE:HMN traded up $0.43 during trading hours on Tuesday, reaching $41.39. The stock had a trading volume of 63,351 shares, compared to its average volume of 249,588. The stock has a market cap of $1.69 billion, a P/E ratio of 15.00 and a beta of 0.27. Horace Mann Educators Corporation has a 12-month low of $31.95 and a 12-month high of $44.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50 day simple moving average of $42.47 and a 200 day simple moving average of $41.17.

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, topping the consensus estimate 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 business had revenue of $416.40 million during the quarter, compared to analysts' expectations of $421.40 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast 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 program on Tuesday, May 13th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, June 16th. Horace Mann Educators's payout ratio is 50.72%.

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.