Horace Mann Educators Co. (NYSE:HMN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,102 shares of the insurance provider's stock after selling 60,016 shares during the quarter. New York State Common Retirement Fund owned 0.47% of Horace Mann Educators worth $7,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 72.9% in 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 in the last quarter. KBC Group NV boosted its position in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after purchasing an additional 628 shares during the period. Venturi Wealth Management LLC acquired a new stake in Horace Mann Educators in the 4th quarter valued at $92,000. Integrated Investment Consultants LLC acquired a new stake in Horace Mann Educators in the 4th quarter valued at $216,000. Finally, Captrust Financial Advisors purchased a new position in Horace Mann Educators in the third quarter valued at about $209,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analysts Set New Price Targets

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

Horace Mann Educators Stock Up 1.4 %

Shares of NYSE:HMN traded up $0.56 during trading on Friday, hitting $41.99. The company's stock had a trading volume of 56,360 shares, compared to its average volume of 182,663. The company has a market capitalization of $1.71 billion, a PE ratio of 16.91 and a beta of 0.31. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week 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 0.10. The stock's 50-day moving average price is $39.30 and its two-hundred day moving average price is $38.02.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. Horace Mann Educators's dividend payout ratio (DPR) is 54.84%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, the chief executive officer now owns 298,324 shares of the company's stock, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares of the company's stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,817 shares of company stock valued at $583,020 in the last ninety days. Corporate insiders own 3.80% of the company's stock.

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.