Advisors Asset Management Inc. Has $133,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Advisors Asset Management Inc. trimmed its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 61.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,817 shares of the insurance provider’s stock after selling 6,124 shares during the period. Advisors Asset Management Inc.’s holdings in Horace Mann Educators were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HMN. Harbor Capital Advisors Inc. increased its holdings in shares of Horace Mann Educators by 270.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after purchasing an additional 16,278 shares during the period. Principal Financial Group Inc. grew its position in Horace Mann Educators by 10.6% during the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after purchasing an additional 21,430 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Horace Mann Educators in the 2nd quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. purchased a new stake in Horace Mann Educators in the 2nd quarter worth approximately $508,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $2,037,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of 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 research note on Tuesday, November 12th. Piper Sandler upped 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. Finally, Raymond James began coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target 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, the company currently has a consensus rating of “Hold” and a consensus price target of $42.67.

Horace Mann Educators Stock Up 0.1 %

HMN stock opened at $41.89 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 16.69 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. The company has a fifty day simple moving average of $37.91 and a 200 day simple moving average of $35.31. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Sell-side analysts anticipate 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. Shareholders of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.25%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction 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 $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares in the company, valued at $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 have sold a total of 51,751 shares of company stock valued at $1,946,895 over the last 90 days. 3.80% of the stock is currently owned by company insiders.

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.