Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,112 shares of the insurance provider’s stock after selling 410 shares during the quarter. Amalgamated Bank’s holdings in Horace Mann Educators were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Horace Mann Educators by 125.5% during the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 27,987 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after purchasing an additional 570 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after buying an additional 164,036 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Horace Mann Educators by 22.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 150,955 shares of the insurance provider’s stock valued at $5,276,000 after buying an additional 27,366 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Horace Mann Educators by 160.3% during the third quarter. Exchange Traded Concepts LLC now owns 48,343 shares of the insurance provider’s stock worth $1,690,000 after acquiring an additional 29,774 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Trading Up 0.9 %

Shares of HMN opened at $41.30 on Friday. The business’s 50-day moving average price is $36.62 and its 200 day moving average price is $35.06. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.68 billion, a P/E ratio of 16.45 and a beta of 0.27. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.29%. Horace Mann Educators’s payout ratio is currently 54.18%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares in the company, valued at $801,918.56. This represents a 22.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the transaction, the chief executive officer now owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,751 shares of company stock valued at $1,946,895 over the last quarter. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Raymond James initiated coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators 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.