Horace Mann Educators Co. (NYSE:HMN) Stake Lessened by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 52.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,337 shares of the insurance provider's stock after selling 33,735 shares during the quarter. Bahl & Gaynor Inc. owned about 0.07% of Horace Mann Educators worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Horace Mann Educators during the fourth quarter valued at about $36,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Horace Mann Educators in the third quarter worth about $208,000. Pathstone Family Office LLC acquired a new stake in Horace Mann Educators in the third quarter worth about $215,000. Versor Investments LP acquired a new stake in Horace Mann Educators in the third quarter worth about $230,000. Finally, SG Americas Securities LLC acquired a new stake in Horace Mann Educators in the third quarter worth about $246,000. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Trading Down 0.1 %

Shares of NYSE HMN traded down $0.02 during mid-day trading on Friday, reaching $36.74. 147,938 shares of the company's stock were exchanged, compared to its average volume of 194,022. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.02 and a beta of 0.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a 52-week low of $27.81 and a 52-week high of $38.29. The company's 50-day moving average is $35.83 and its 200-day moving average is $34.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) 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 analyst estimates of $394.40 million. Analysts expect that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.34 per share. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a yield of 3.70%. Horace Mann Educators's dividend payout ratio is presently 125.93%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 50,098 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the sale, the chief executive officer now owns 279,600 shares of the company's stock, valued at approximately $10,370,364. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the sale, the chief financial officer now owns 63,922 shares of the company's stock, valued at approximately $2,288,407.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marita Zuraitis sold 50,098 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the sale, the chief executive officer now directly owns 279,600 shares in the company, valued at approximately $10,370,364. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,327 shares of company stock valued at $2,728,271. Corporate insiders own 3.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on HMN. TheStreet raised Horace Mann Educators from a "c" rating to a "b" rating in a report on Wednesday, February 7th. StockNews.com downgraded Horace Mann Educators from a "buy" rating to a "hold" rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised Horace Mann Educators from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $33.00 to $40.00 in a research note on Monday, January 29th. Finally, Piper Sandler reduced 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, April 5th.

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.