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

Voloridge Investment Management LLC reduced 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 & Exchange Commission. 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 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after purchasing an additional 53,961 shares during the period. KBC Group NV boosted its stake in 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 during the period. Hantz Financial Services Inc. boosted its stake in Horace Mann Educators by 10.3% during the 4th quarter. Hantz Financial Services Inc. now owns 62,767 shares of the insurance provider's stock worth $2,462,000 after purchasing an additional 5,879 shares during the period. Empowered Funds LLC boosted its stake in Horace Mann Educators by 5.1% during the 4th quarter. Empowered Funds LLC now owns 171,378 shares of the insurance provider's stock worth $6,723,000 after purchasing an additional 8,331 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Horace Mann Educators by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock worth $9,208,000 after purchasing an additional 11,205 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.13 on Friday, reaching $43.44. The company's stock had a trading volume of 240,815 shares, compared to its average volume of 251,803. The firm's 50 day moving average is $41.76 and its two-hundred day moving average is $40.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock has a market cap of $1.77 billion, a PE ratio of 17.52 and a beta of 0.28. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.19. The firm had revenue of $416.40 million for 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 firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, sell-side analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.22%. Horace Mann Educators's dividend payout ratio is 50.72%.

Horace Mann Educators announced that its Board of Directors has approved a share buyback program on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

HMN has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. 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 report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Insider Activity

In other news, Director Beverley J. Mcclure sold 2,816 shares of the firm'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 completion of the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This trade represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bret A. Conklin sold 15,472 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $43.52, for a total value of $673,341.44. Following the completion of the sale, the executive vice president now owns 55,792 shares of the company's stock, valued at approximately $2,428,067.84. This trade represents a 21.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,016 shares of company stock valued at $1,420,640. 4.00% of the stock is owned by company insiders.

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.