ProShare Advisors LLC Reduces Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

ProShare Advisors LLC cut its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,408 shares of the insurance provider's stock after selling 10,460 shares during the quarter. ProShare Advisors LLC owned 0.48% of Horace Mann Educators worth $7,744,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HMN. Vanguard Group Inc. grew its position in shares of Horace Mann Educators by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider's stock worth $196,339,000 after buying an additional 32,586 shares during the period. Franklin Resources Inc. grew its holdings in Horace Mann Educators by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock worth $135,890,000 after purchasing an additional 521,437 shares during the period. Dimensional Fund Advisors LP increased its stake in Horace Mann Educators by 1.8% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 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% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock worth $22,239,000 after purchasing an additional 8,570 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Horace Mann Educators Stock Down 2.0%

Shares of Horace Mann Educators stock traded down $0.86 on Wednesday, hitting $43.10. The company had a trading volume of 285,626 shares, compared to its average volume of 248,946. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.38 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $44.44. The stock has a 50 day moving average of $41.52 and a 200-day moving average of $40.64.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.19. The business had revenue of $416.40 million for the quarter, compared to analysts' expectations 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 was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's payout ratio is currently 50.72%.

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

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the transaction, the director now owns 13,643 shares of the company's stock, valued at approximately $584,738.98. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction 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 now owns 315,451 shares of the company's stock, valued at $13,059,671.40. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,816 shares of company stock worth $543,144. 4.00% of the stock is owned by insiders.

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.