Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,512 shares of the insurance provider’s stock after selling 4,950 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Horace Mann Educators worth $1,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HMN. FMR LLC raised its holdings in shares of Horace Mann Educators by 49.7% during the third quarter. FMR LLC now owns 8,525 shares of the insurance provider’s stock worth $298,000 after purchasing an additional 2,830 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Horace Mann Educators by 67.2% during the 3rd quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider’s stock valued at $501,000 after buying an additional 5,704 shares during the last quarter. State Street Corp raised its stake in shares of Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after buying an additional 20,771 shares during the last quarter. Barclays PLC lifted its holdings in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after buying an additional 53,961 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after buying an additional 22,358 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the sale, the chief executive officer now owns 294,324 shares in the company, valued at $10,998,887.88. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares in the company, valued at $584,738.98. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,816 shares of company stock valued at $485,624 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

HMN has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, February 11th. Piper Sandler lifted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $39.92 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 16.10 and a beta of 0.21. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The business’s 50 day moving average is $41.30 and its two-hundred day moving average is $39.74. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.35 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.51%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is 56.45%.

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.