Russell Investments Group Ltd. Sells 156,900 Shares of Horace Mann Educators Co. (NYSE:HMN)

Russell Investments Group Ltd. trimmed its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 37.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 262,174 shares of the insurance provider's stock after selling 156,900 shares during the period. Russell Investments Group Ltd. owned 0.64% of Horace Mann Educators worth $10,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HMN. FMR LLC raised its position in Horace Mann Educators by 49.7% during the third quarter. FMR LLC now owns 8,525 shares of the insurance provider's stock worth $298,000 after acquiring an additional 2,830 shares during the last quarter. Captrust Financial Advisors acquired a new position in Horace Mann Educators during the 3rd quarter valued at approximately $209,000. Verition Fund Management LLC acquired a new position in shares of Horace Mann Educators during the third quarter worth approximately $430,000. HighTower Advisors LLC lifted its stake in shares of Horace Mann Educators by 67.2% in the 3rd quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider's stock worth $501,000 after acquiring an additional 5,704 shares during the period. Finally, State Street Corp lifted its holdings in shares of Horace Mann Educators by 1.3% during the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider's stock valued at $57,098,000 after purchasing an additional 20,771 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Shares of NYSE HMN traded down $0.12 during trading on Thursday, hitting $40.29. The company had a trading volume of 50,037 shares, compared to its average volume of 241,501. The stock has a fifty day simple moving average of $41.34 and a two-hundred day simple moving average of $39.71. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 16.29 and a beta of 0.21. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.69.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share 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%. On average, research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.35 per share. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.47%. Horace Mann Educators's payout ratio is presently 56.45%.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the transaction, the director now owns 13,643 shares of the company's stock, valued at $584,738.98. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the completion of the sale, the chief executive officer now owns 320,451 shares of the company's stock, valued at $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,816 shares of company stock worth $485,624. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

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

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.