Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Horace Mann Educators Co. (NYSE:HMN) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,385 shares of the insurance provider’s stock after selling 4,186 shares during the quarter. Victory Capital Management Inc.’s holdings in Horace Mann Educators were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HMN. Dimensional Fund Advisors LP raised its holdings in Horace Mann Educators by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after buying an additional 43,064 shares during the period. Earnest Partners LLC increased its position in shares of Horace Mann Educators by 1.9% in the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after acquiring an additional 26,736 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after acquiring an additional 86,766 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Horace Mann Educators by 129.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after acquiring an additional 164,036 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after purchasing an additional 21,430 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler raised their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Raymond James initiated coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.67.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. The trade was a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now owns 19,057 shares in the company, valued at $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,751 shares of company stock worth $1,946,895 in the last ninety days. 3.80% of the stock is owned by insiders.

Horace Mann Educators Stock Up 1.0 %

Shares of Horace Mann Educators stock opened at $41.84 on Friday. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The company has a market capitalization of $1.71 billion, a PE ratio of 16.67 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50-day moving average of $37.76 and a 200-day moving average of $35.26.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the firm earned $0.44 EPS. Horace Mann Educators’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.25%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

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.