Amalgamated Bank Trims Position in Horace Mann Educators Co. (NYSE:HMN)

Amalgamated Bank reduced its position in Horace Mann Educators Co. (NYSE:HMN) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,112 shares of the insurance provider’s stock after selling 410 shares during the period. Amalgamated Bank’s holdings in Horace Mann Educators were worth $423,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HMN. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Finally, Raymond James started coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price for the company. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus target price of $42.67.

Insider Activity at Horace Mann Educators

In related 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 transaction of $148,960.00. Following the completion of the transaction, the chief executive officer now owns 292,336 shares in the company, valued at $10,886,592.64. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’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 of the company’s stock, valued at approximately $801,918.56. The trade was a 22.82 % 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 in the last quarter. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Up 0.9 %

Shares of Horace Mann Educators stock opened at $41.30 on Friday. The business has a 50-day moving average price of $36.62 and a 200 day moving average price of $35.06. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The firm has a market cap of $1.68 billion, a P/E ratio of 16.45 and a beta of 0.27. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results 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 business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

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.