Two Sigma Advisers LP Sells 29,200 Shares of Horace Mann Educators Co. (NYSE:HMN)

Two Sigma Advisers LP cut its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,600 shares of the insurance provider's stock after selling 29,200 shares during the period. Two Sigma Advisers LP owned approximately 0.34% of Horace Mann Educators worth $5,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HMN. Smartleaf Asset Management LLC lifted its stake in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after buying an additional 620 shares during the period. Sterling Capital Management LLC lifted its position in shares of Horace Mann Educators by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after acquiring an additional 1,153 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Horace Mann Educators in the 4th quarter worth approximately $92,000. KBC Group NV grew its holdings in shares of Horace Mann Educators by 42.3% during the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after purchasing an additional 707 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Horace Mann Educators during the 4th quarter worth approximately $244,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now owns 320,451 shares in the company, valued at $13,808,233.59. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,816 shares of company stock worth $543,144. 4.00% of the stock is currently owned by insiders.

Horace Mann Educators Price Performance

Shares of NYSE:HMN traded down $0.11 on Thursday, hitting $43.26. The stock had a trading volume of 83,768 shares, compared to its average volume of 244,554. The firm's 50 day moving average price is $41.72 and its 200-day moving average price is $40.75. 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 twelve month low of $31.81 and a twelve month high of $44.44. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.44 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. The firm had revenue of $416.40 million for the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. On average, equities research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators declared that its board has authorized a stock 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 buy up to 3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.24%. Horace Mann Educators's dividend payout ratio is 50.72%.

Analyst Ratings Changes

A number of research firms have weighed in on HMN. Piper Sandler lifted their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Wall Street Zen raised shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Tuesday, February 11th. Raymond James restated a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Three 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Horace Mann Educators 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.