Connable Office Inc. Sells 1,406 Shares of Horace Mann Educators Co. (NYSE:HMN)

Connable Office Inc. decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 13.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,948 shares of the insurance provider’s stock after selling 1,406 shares during the quarter. Connable Office Inc.’s holdings in Horace Mann Educators were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after buying an additional 359,083 shares during the period. Principal Financial Group Inc. raised its stake in Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after buying an additional 21,430 shares during the period. Barclays PLC raised its stake in Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after buying an additional 53,961 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock valued at $19,513,000 after buying an additional 6,254 shares during the period. Finally, Geode Capital Management LLC raised its stake in Horace Mann Educators by 2.4% in the third 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 during the period. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $42.43 on Friday. The firm has a market cap of $1.73 billion, a P/E ratio of 17.11 and a beta of 0.31. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The business’s 50 day moving average is $39.35 and its 200-day moving average is $38.08.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.84%.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 294,324 shares in the company, valued at approximately $10,998,887.88. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,817 shares of company stock valued at $583,020 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler increased their target price on 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 analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus price target 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.