EntryPoint Capital LLC Sells 7,325 Shares of Horace Mann Educators Co. (NYSE:HMN)

EntryPoint Capital LLC lowered its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 53.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,272 shares of the insurance provider's stock after selling 7,325 shares during the period. EntryPoint Capital LLC's holdings in Horace Mann Educators were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Horace Mann Educators by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock valued at $851,000 after purchasing an additional 305 shares during the period. Harbor Capital Advisors Inc. grew its stake in Horace Mann Educators by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock valued at $1,996,000 after buying an additional 581 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares during the period. GAMMA Investing LLC lifted its position in Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after acquiring an additional 671 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Horace Mann Educators by 2.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider's stock worth $1,261,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 99.28% of the company's stock.

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Insider Buying and Selling

In related news, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now directly owns 16,352 shares in the company, valued at $627,262.72. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares in the company, valued at $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,817 shares of company stock worth $415,140 in the last ninety days. 3.80% of the stock is owned by insiders.

Horace Mann Educators Price Performance

Shares of HMN traded down $0.48 during trading hours on Wednesday, hitting $42.97. 23,135 shares of the company were exchanged, compared to its average volume of 190,449. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 17.32 and a beta of 0.25. The firm's fifty day moving average is $40.83 and its 200 day moving average is $39.28. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.53. 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 (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, equities analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is 56.45%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HMN shares. Keefe, Bruyette & Woods increased their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. Piper Sandler lifted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Horace Mann Educators has a consensus rating of "Hold" and an average target price of $43.67.

Horace Mann Educators Company 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.