Ceredex Value Advisors LLC Trims Holdings in Horace Mann Educators Co. (NYSE:HMN)

Ceredex Value Advisors LLC trimmed its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 19.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 385,811 shares of the insurance provider's stock after selling 91,789 shares during the period. Ceredex Value Advisors LLC owned approximately 0.94% of Horace Mann Educators worth $12,616,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Horace Mann Educators in the 4th quarter valued at $36,000. State of Wyoming raised its stake in Horace Mann Educators by 41.0% during the second quarter. State of Wyoming now owns 1,509 shares of the insurance provider's stock valued at $45,000 after buying an additional 439 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Horace Mann Educators by 675.6% during the first quarter. Tower Research Capital LLC TRC now owns 2,094 shares of the insurance provider's stock valued at $70,000 after buying an additional 1,824 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Horace Mann Educators during the second quarter valued at $83,000. Finally, UBS Group AG raised its stake in Horace Mann Educators by 191.5% during the third quarter. UBS Group AG now owns 4,247 shares of the insurance provider's stock valued at $149,000 after buying an additional 2,790 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Trading Down 0.5 %

Shares of HMN stock traded down $0.18 on Monday, reaching $35.66. 116,832 shares of the company's stock were exchanged, compared to its average volume of 207,274. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $38.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.46 billion, a PE ratio of 33.02 and a beta of 0.28. The company's fifty day simple moving average is $36.16 and its 200 day simple moving average is $33.70.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. The firm had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. As a group, analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.34 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.81%. Horace Mann Educators's dividend payout ratio is 125.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HMN shares. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $33.00 to $40.00 in a research report on Monday, January 29th. StockNews.com lowered Horace Mann Educators from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler lowered their price objective on Horace Mann Educators from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday. Finally, TheStreet raised Horace Mann Educators from a "c" rating to a "b" rating in a research note on Wednesday, February 7th.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at approximately $780,264. The disclosure for this sale can be found here. Insiders sold 73,077 shares of company stock worth $2,682,021 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

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.