Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lowered its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 668,743 shares of the insurance provider's stock after selling 65,414 shares during the quarter. Horace Mann Educators accounts for about 1.5% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 26th biggest holding. Cramer Rosenthal Mcglynn LLC owned 1.64% of Horace Mann Educators worth $26,235,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares in the last quarter. Sterling Capital Management LLC boosted its position 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 acquiring an additional 1,153 shares during the last quarter. GAMMA Investing LLC grew its stake in Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 671 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Horace Mann Educators in the 4th quarter worth approximately $92,000. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HMN shares. Keefe, Bruyette & Woods upped their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, Piper Sandler upped their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, February 7th.

Insider Transactions at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the sale, the chief executive officer now directly owns 320,451 shares in the company, valued at $13,808,233.59. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,816 shares of company stock valued at $485,624. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Trading Up 0.4 %

Shares of NYSE:HMN traded up $0.18 during mid-day trading on Wednesday, reaching $40.48. 65,126 shares of the company were exchanged, compared to its average volume of 241,398. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.69. 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 firm's 50-day simple moving average is $41.20 and its 200 day simple moving average is $39.86. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 16.32 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.46%. Horace Mann Educators's dividend payout ratio is 56.45%.

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.