Thrivent Financial for Lutherans Has $1.25 Million Holdings in Horace Mann Educators Co. (NYSE:HMN)

Thrivent Financial for Lutherans decreased its stake in Horace Mann Educators Co. (NYSE:HMN) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,872 shares of the insurance provider’s stock after selling 1,991 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of Horace Mann Educators worth $1,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Horace Mann Educators by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock worth $1,127,000 after purchasing an additional 1,478 shares during the period. Harbor Capital Advisors Inc. increased its stake in Horace Mann Educators by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after acquiring an additional 16,278 shares during the period. Louisiana State Employees Retirement System raised its holdings in Horace Mann Educators by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after acquiring an additional 400 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth approximately $35,000. Finally, Arjuna Capital grew its holdings in shares of Horace Mann Educators by 1.6% during the 2nd quarter. Arjuna Capital now owns 78,465 shares of the insurance provider’s stock worth $2,560,000 after purchasing an additional 1,206 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Horace Mann Educators news, 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 transaction 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. This represents a 22.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the sale, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This trade represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,751 shares of company stock worth $1,946,895. 3.80% of the stock is owned by corporate insiders.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN opened at $41.87 on Monday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.68 and a beta of 0.27. The business’s fifty day moving average price is $38.05 and its two-hundred day moving average price is $35.36. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

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

Horace Mann Educators Announces Dividend

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

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.