Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 40.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,016 shares of the insurance provider's stock after selling 70,644 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.26% of Horace Mann Educators worth $3,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP grew its stake in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider's stock worth $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after buying an additional 540 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Horace Mann Educators in the second quarter worth about $35,000. KBC Group NV grew its position in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock valued at $58,000 after acquiring an additional 628 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at about $59,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now directly owns 19,057 shares of the company's stock, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares of the company's stock, valued at approximately $10,886,592.64. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock worth $2,114,775 over the last ninety days. Corporate insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

HMN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut Horace Mann Educators from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler boosted their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.67.

Horace Mann Educators Price Performance

Shares of HMN traded down $0.01 during trading hours on Friday, hitting $41.56. 187,497 shares of the stock were exchanged, compared to its average volume of 235,631. The stock's 50-day moving average price is $38.64 and its two-hundred day moving average price is $35.58. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 16.56 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Research analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.34 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. Horace Mann Educators's dividend payout ratio (DPR) is presently 54.18%.

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.