NFJ Investment Group LLC Trims Stake in Horace Mann Educators Co. (NYSE:HMN)

NFJ Investment Group LLC lessened its holdings in Horace Mann Educators Co. (NYSE:HMN) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 81,232 shares of the insurance provider’s stock after selling 996 shares during the quarter. NFJ Investment Group LLC’s holdings in Horace Mann Educators were worth $3,187,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HMN. FMR LLC boosted its position in shares of Horace Mann Educators by 49.7% during the 3rd quarter. FMR LLC now owns 8,525 shares of the insurance provider’s stock valued at $298,000 after acquiring an additional 2,830 shares during the last quarter. HighTower Advisors LLC lifted its position in Horace Mann Educators by 67.2% during the third quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 5,704 shares during the last quarter. State Street Corp grew its stake in Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after buying an additional 20,771 shares in the last quarter. Barclays PLC increased its holdings in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after buying an additional 53,961 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after buying an additional 22,358 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

HMN stock opened at $40.43 on Thursday. 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 firm has a market cap of $1.66 billion, a P/E ratio of 16.30 and a beta of 0.21. The firm’s fifty day moving average is $41.34 and its 200 day moving average is $39.71. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio is 56.45%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HMN shares. Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler increased their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th.

Insider Transactions at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,816 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now directly owns 13,643 shares of the company’s stock, valued at $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,816 shares of company stock worth $485,624. Insiders own 3.80% of the company’s stock.

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.