Horace Mann Educators Co. (NYSE:HMN) Stock Position Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 37.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,174 shares of the insurance provider's stock after selling 156,900 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.64% of Horace Mann Educators worth $10,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HMN. Smartleaf Asset Management LLC increased its position in shares of Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC raised its stake 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 valued at $62,000 after buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators during the 4th quarter worth approximately $92,000. KBC Group NV grew its position in shares of Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after acquiring an additional 707 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Horace Mann Educators in the 4th quarter valued at approximately $216,000. Institutional investors own 99.28% of the company's stock.

Remove Ads

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares of the company's stock, valued at $584,738.98. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,816 shares of company stock valued at $485,624 in the last quarter. Corporate insiders own 3.80% of the company's stock.

Horace Mann Educators Stock Performance

HMN stock traded up $0.20 during mid-day trading on Tuesday, reaching $40.71. The company had a trading volume of 176,747 shares, compared to its average volume of 241,926. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.69. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.42 and a beta of 0.21. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The stock's 50-day simple moving average is $41.35 and its two-hundred day simple moving average is $39.70.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share 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%. Research analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.35 dividend. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, March 17th. Horace Mann Educators's dividend payout ratio (DPR) is currently 56.45%.

Wall Street Analyst Weigh In

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

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.