Envestnet Asset Management Inc. Sells 7,120 Shares of Horace Mann Educators Co. (NYSE:HMN)

Envestnet Asset Management Inc. lowered its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,198 shares of the insurance provider's stock after selling 7,120 shares during the period. Envestnet Asset Management Inc. owned about 0.37% of Horace Mann Educators worth $5,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after purchasing an additional 359,083 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Horace Mann Educators by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock worth $9,208,000 after acquiring an additional 11,205 shares during the last quarter. Barclays PLC increased its position in Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after acquiring an additional 53,961 shares during the period. Geode Capital Management LLC raised its stake in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock valued at $33,351,000 after acquiring an additional 22,358 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Horace Mann Educators during the fourth quarter worth $4,209,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Insider Activity

In related news, CEO Marita Zuraitis sold 4,000 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 294,324 shares of the company's stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,816 shares of company stock worth $485,624. Company insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Horace Mann Educators Trading Up 0.0 %

Shares of HMN stock traded up $0.01 during mid-day trading on Friday, hitting $40.70. The company's stock had a trading volume of 235,189 shares, compared to its average volume of 241,999. The company has a market cap of $1.67 billion, a PE ratio of 16.41 and a beta of 0.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The company's fifty day simple moving average is $41.16 and its 200-day simple moving average is $39.95. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. As a group, equities research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.44%. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators's dividend payout ratio (DPR) is presently 56.45%.

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.