Cwm LLC Sells 3,208 Shares of Horace Mann Educators Co. (NYSE:HMN)

Cwm LLC lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 8.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,076 shares of the insurance provider’s stock after selling 3,208 shares during the period. Cwm LLC’s holdings in Horace Mann Educators were worth $1,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its stake in shares of Horace Mann Educators by 381.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider’s stock worth $4,241,000 after buying an additional 114,380 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Horace Mann Educators by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider’s stock valued at $14,774,000 after acquiring an additional 30,908 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in Horace Mann Educators in the 3rd quarter valued at approximately $664,000. Envestnet Asset Management Inc. lifted its position in Horace Mann Educators by 95.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider’s stock valued at $5,456,000 after acquiring an additional 90,607 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in Horace Mann Educators by 19.3% in the 3rd quarter. GSA Capital Partners LLP now owns 39,624 shares of the insurance provider’s stock valued at $1,164,000 after acquiring an additional 6,399 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a research report on Monday, January 29th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Piper Sandler lowered their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

Horace Mann Educators Price Performance

NYSE HMN opened at $36.74 on Friday. The business’s fifty day moving average price is $35.83 and its 200-day moving average price is $34.27. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.02 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. Horace Mann Educators Co. has a 1-year low of $27.81 and a 1-year high of $38.29.

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

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.70%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is 125.93%.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 50,098 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the completion of the sale, the chief executive officer now directly owns 279,600 shares in the company, valued at approximately $10,370,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. Also, CEO Marita Zuraitis sold 50,098 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the completion of the sale, the chief executive officer now owns 279,600 shares of the company’s stock, valued at approximately $10,370,364. The disclosure for this sale can be found here. Insiders sold 74,327 shares of company stock worth $2,728,271 in the last three months. Corporate insiders own 3.20% of the company’s stock.

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.