Horace Mann Educators Co. (NYSE:HMN) Stock Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,976 shares of the insurance provider’s stock after selling 335 shares during the quarter. New York State Common Retirement Fund owned about 0.32% of Horace Mann Educators worth $4,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Horace Mann Educators during the 4th quarter valued at $36,000. Envestnet Portfolio Solutions Inc. bought a new position in Horace Mann Educators during the 3rd quarter valued at $208,000. Pathstone Family Office LLC bought a new position in Horace Mann Educators during the 3rd quarter valued at $215,000. Versor Investments LP bought a new position in Horace Mann Educators during the 3rd quarter valued at $230,000. Finally, SG Americas Securities LLC bought a new position in Horace Mann Educators during the 3rd quarter valued at $246,000. 99.28% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the transaction, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at $11,265,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the transaction, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at $11,265,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction 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 $780,264. The disclosure for this sale can be found here. Insiders sold 24,229 shares of company stock worth $870,137 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Price Performance

HMN opened at $37.52 on Monday. The stock has a fifty day moving average of $35.90 and a 200-day moving average of $34.51. The firm has a market capitalization of $1.54 billion, a P/E ratio of 34.74 and a beta of 0.26. Horace Mann Educators Co. has a 12-month low of $27.81 and a 12-month high of $38.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. The company had revenue of $402.90 million during the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Equities analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s dividend payout ratio is presently 125.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $40.00 in a research report on Monday, January 29th. TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. StockNews.com downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, April 5th.

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.