Nisa Investment Advisors LLC Trims Stake in Horace Mann Educators Co. (NYSE:HMN)

Nisa Investment Advisors LLC lowered its holdings in Horace Mann Educators Co. (NYSE:HMN) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,074 shares of the insurance provider’s stock after selling 10,639 shares during the period. Nisa Investment Advisors LLC’s holdings in Horace Mann Educators were worth $983,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HMN. Fuller & Thaler Asset Management Inc. raised its stake in Horace Mann Educators by 43.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,083,838 shares of the insurance provider’s stock valued at $119,983,000 after purchasing an additional 1,241,193 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Horace Mann Educators in the 3rd quarter worth $6,124,000. Bank of America Corp DE raised its position in shares of Horace Mann Educators by 11.9% during the 1st quarter. Bank of America Corp DE now owns 1,756,943 shares of the insurance provider’s stock valued at $58,822,000 after buying an additional 186,368 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Horace Mann Educators by 143.0% during the 2nd quarter. Citadel Advisors LLC now owns 210,030 shares of the insurance provider’s stock worth $6,229,000 after acquiring an additional 123,594 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Horace Mann Educators by 99.2% in the second quarter. Goldman Sachs Group Inc. now owns 239,251 shares of the insurance provider’s stock worth $7,096,000 after acquiring an additional 119,153 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Down 0.0 %

HMN opened at $34.14 on Tuesday. Horace Mann Educators Co. has a 12 month low of $27.81 and a 12 month high of $38.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $35.98 and its 200-day moving average price is $33.87. The company has a market cap of $1.40 billion, a P/E ratio of 31.61 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. The business had revenue of $402.90 million for the quarter, compared to analysts’ expectations of $394.40 million. On average, equities analysts expect that Horace Mann Educators Co. will post 3.15 EPS for the current year.

Horace Mann Educators Increases Dividend

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

Insider Buying and Selling at Horace Mann Educators

In other news, CFO Bret A. Conklin sold 9,689 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.80, for a total transaction of $346,866.20. Following the completion of the transaction, the chief financial officer now directly owns 63,922 shares of the company’s stock, valued at $2,288,407.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Bret A. Conklin sold 9,689 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total transaction of $346,866.20. Following the transaction, the chief financial officer now owns 63,922 shares in the company, valued at approximately $2,288,407.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The disclosure for this sale can be found here. Insiders sold 73,077 shares of company stock valued at $2,682,021 in the last quarter. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

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

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.