Horace Mann Educators Co. (NYSE:HMN) Position Trimmed by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,721 shares of the insurance provider’s stock after selling 5,043 shares during the period. Rhumbline Advisers owned about 0.31% of Horace Mann Educators worth $5,372,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 620 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 806.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 1,153 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Horace Mann Educators during the fourth quarter valued at $92,000. Pictet Asset Management Holding SA acquired a new position in shares of Horace Mann Educators during the fourth quarter valued at $244,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Horace Mann Educators during the fourth quarter valued at $255,000. Institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, EVP Bret A. Conklin sold 15,472 shares of Horace Mann Educators stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $43.52, for a total transaction of $673,341.44. Following the transaction, the executive vice president now directly owns 55,792 shares in the company, valued at approximately $2,428,067.84. The trade was a 21.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This trade represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,014 shares of company stock valued at $2,328,368. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on HMN. Wall Street Zen raised shares of Horace Mann Educators from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Raymond James reissued a “strong-buy” rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Horace Mann Educators Stock Performance

HMN stock opened at $43.13 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of 17.39 and a beta of 0.28. The company has a 50-day simple moving average of $41.88 and a 200 day simple moving average of $40.91. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.19. The business had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Sell-side analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 13th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, June 16th. Horace Mann Educators’s payout ratio is 50.72%.

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.