Russell Investments Group Ltd. Reduces Position in Horace Mann Educators Co. (NYSE:HMN)

Russell Investments Group Ltd. decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 296,917 shares of the insurance provider’s stock after selling 12,092 shares during the quarter. Russell Investments Group Ltd. owned 0.73% of Horace Mann Educators worth $9,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HMN. Exchange Traded Concepts LLC raised its holdings in shares of Horace Mann Educators by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after purchasing an additional 375 shares during the last quarter. Swiss National Bank raised its stake in Horace Mann Educators by 1.0% during the 3rd quarter. Swiss National Bank now owns 89,800 shares of the insurance provider’s stock valued at $2,638,000 after buying an additional 900 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Horace Mann Educators by 2.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 40,713 shares of the insurance provider’s stock valued at $1,196,000 after buying an additional 983 shares during the period. International Assets Investment Management LLC bought a new position in shares of Horace Mann Educators during the 4th quarter valued at $36,000. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Horace Mann Educators by 6.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 23,986 shares of the insurance provider’s stock worth $784,000 after buying an additional 1,376 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Insider Activity

In related news, CEO Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock in a transaction that occurred 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 sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $2,288,407.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 2,700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The disclosure for this sale can be found here. Insiders have sold 24,229 shares of company stock worth $870,137 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $40.00 in a research report on Monday, January 29th. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. StockNews.com downgraded shares of 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 shares of 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.

Horace Mann Educators Stock Up 2.2 %

HMN stock opened at $38.33 on Tuesday. The business’s 50-day moving average price is $35.94 and its 200-day moving average price is $34.55. The stock has a market cap of $1.57 billion, a P/E ratio of 35.49 and a beta of 0.26. Horace Mann Educators Co. has a twelve month low of $27.81 and a twelve month high of $38.40. 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 issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.19. The business had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. On average, equities research analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.55%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 125.93%.

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.