GW&K Investment Management LLC Cuts Holdings in Horace Mann Educators Co. (NYSE:HMN)

GW&K Investment Management LLC cut its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 956,656 shares of the insurance provider's stock after selling 104,877 shares during the period. GW&K Investment Management LLC owned approximately 2.34% of Horace Mann Educators worth $31,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quest Partners LLC purchased a new stake in shares of Horace Mann Educators in the fourth quarter worth approximately $1,043,000. Dynamic Technology Lab Private Ltd bought a new stake in Horace Mann Educators during the fourth quarter worth $652,000. Trillium Asset Management LLC grew its holdings in Horace Mann Educators by 5.2% during the fourth quarter. Trillium Asset Management LLC now owns 102,454 shares of the insurance provider's stock worth $3,350,000 after buying an additional 5,078 shares in the last quarter. Jump Financial LLC purchased a new stake in Horace Mann Educators in the 4th quarter valued at $863,000. Finally, Teacher Retirement System of Texas lifted its stake in Horace Mann Educators by 97.7% during the 4th quarter. Teacher Retirement System of Texas now owns 18,242 shares of the insurance provider's stock valued at $597,000 after acquiring an additional 9,014 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Stock Performance

NYSE HMN traded down $0.19 during trading hours on Tuesday, reaching $34.17. 228,905 shares of the company were exchanged, compared to its average volume of 217,530. The stock has a market capitalization of $1.40 billion, a P/E ratio of 22.10 and a beta of 0.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Co. has a 1 year low of $27.81 and a 1 year high of $39.25. The business's 50 day simple moving average is $35.96 and its 200-day simple moving average is $34.86.

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 paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.98%. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.33. Horace Mann Educators's dividend payout ratio (DPR) is presently 87.18%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the transaction, the chief executive officer now directly owns 304,483 shares of the company's stock, valued at $11,265,871. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Kimberly A. Johnson sold 5,000 shares of Horace Mann Educators stock in a transaction dated 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 owns 21,674 shares in the company, valued at $780,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marita Zuraitis sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total transaction of $46,250.00. Following the sale, the chief executive officer now owns 304,483 shares in the company, valued at $11,265,871. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,939 shares of company stock valued at $748,666. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

HMN has been the subject of several recent analyst reports. Piper Sandler reduced their target price on shares of Horace Mann Educators from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, May 10th. TheStreet raised shares of Horace Mann Educators from a "c" rating to a "b" rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods raised Horace Mann Educators from a "market perform" rating to an "outperform" rating and upped their target price for the company from $33.00 to $40.00 in a report on Monday, January 29th. Finally, StockNews.com downgraded Horace Mann Educators from a "buy" rating to a "hold" rating in a research report on Tuesday, April 16th.

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.