New York State Teachers Retirement System Sells 3,094 Shares of Horace Mann Educators Co. (NYSE:HMN)

New York State Teachers Retirement System reduced its stake in Horace Mann Educators Co. (NYSE:HMN) by 3.8% during the 4th quarter, Holdings Channel reports. The fund owned 79,371 shares of the insurance provider’s stock after selling 3,094 shares during the period. New York State Teachers Retirement System’s holdings in Horace Mann Educators were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Horace Mann Educators in the 4th quarter valued at about $36,000. State of Wyoming raised its holdings in Horace Mann Educators by 41.0% in the 2nd quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 439 shares during the period. Tower Research Capital LLC TRC raised its holdings in Horace Mann Educators by 675.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,094 shares of the insurance provider’s stock valued at $70,000 after acquiring an additional 1,824 shares during the period. Point72 Hong Kong Ltd bought a new position in Horace Mann Educators in the 2nd quarter valued at about $83,000. Finally, UBS Group AG raised its holdings in Horace Mann Educators by 191.5% in the 3rd quarter. UBS Group AG now owns 4,247 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 2,790 shares during the period. 99.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HMN has been the topic of several recent research reports. StockNews.com cut shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Sandler lowered their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $40.00 in a report on Monday, January 29th. Finally, TheStreet raised shares of Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at $10,390,784. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Donald M. Carley sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total transaction of $175,550.00. Following the sale, the general counsel now directly owns 29,627 shares in the company, valued at approximately $1,040,203.97. The disclosure for this sale can be found here. Insiders sold a total of 73,077 shares of company stock worth $2,682,021 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Horace Mann Educators Stock Down 0.0 %

Shares of HMN opened at $34.14 on Tuesday. Horace Mann Educators Co. has a one year low of $27.81 and a one year high of $38.29. The company has a market cap of $1.40 billion, a P/E ratio of 31.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50 day simple moving average of $35.98 and a two-hundred day simple moving average of $33.87.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million during the quarter, compared to the consensus estimate of $394.40 million. Research analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.34 per share. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s payout ratio is currently 125.93%.

Horace Mann Educators 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.