Mutual of America Capital Management LLC Sells 601 Shares of Horace Mann Educators Co. (NYSE:HMN)

Mutual of America Capital Management LLC decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,132 shares of the insurance provider’s stock after selling 601 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Horace Mann Educators were worth $214,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HMN. Louisiana State Employees Retirement System raised its position in Horace Mann Educators by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 400 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Horace Mann Educators by 2.2% during the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after buying an additional 473 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 570 shares during the last quarter. Finally, KBC Group NV boosted its stake in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after buying an additional 628 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Up 0.1 %

NYSE:HMN opened at $41.89 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s fifty day moving average is $37.91 and its 200-day moving average is $35.31. The firm has a market cap of $1.71 billion, a P/E ratio of 16.67 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last issued 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. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same period last year, the business posted $0.44 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

Analyst Ratings Changes

HMN has been the subject of several research analyst reports. Piper Sandler upped their price target 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. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Finally, Raymond James assumed coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.67.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total value 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 trade represents a 1.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now directly owns 19,057 shares of the company’s stock, 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 sold a total of 51,751 shares of company stock valued at $1,946,895 in the last quarter. 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.