Voloridge Investment Management LLC Sells 11,553 Shares of Horace Mann Educators Co. (NYSE:HMN)

Voloridge Investment Management LLC cut its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,759 shares of the insurance provider's stock after selling 11,553 shares during the period. Voloridge Investment Management LLC owned 0.08% of Horace Mann Educators worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HMN. Smartleaf Asset Management LLC lifted its position in shares of Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares during the period. Sterling Capital Management LLC raised its stake in Horace Mann Educators by 806.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after buying an additional 1,153 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators during the fourth quarter worth $92,000. KBC Group NV lifted its holdings in Horace Mann Educators by 42.3% in the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock valued at $93,000 after buying an additional 707 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in Horace Mann Educators during the fourth quarter valued at $244,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Stock Up 0.7%

Shares of HMN stock traded up $0.31 on Monday, reaching $43.74. 199,078 shares of the company were exchanged, compared to its average volume of 251,109. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The company has a 50-day moving average of $41.79 and a 200-day moving average of $40.79. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 17.64 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.19. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The business had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. During the same period in the prior year, the business earned $0.62 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio is currently 50.72%.

Horace Mann Educators declared that its board has initiated a share repurchase plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Horace Mann Educators news, Director Victor Fetter bought 3,500 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was bought at an average cost of $44.03 per share, with a total value of $154,105.00. Following the completion of the transaction, the director now directly owns 14,655 shares in the company, valued at approximately $645,259.65. The trade was a 31.38% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $41.40, for a total transaction of $207,000.00. Following the completion of the sale, the chief executive officer now owns 315,451 shares in the company, valued at $13,059,671.40. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,016 shares of company stock worth $1,420,640 in the last ninety days. Corporate insiders own 4.00% of the company's stock.

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.