Horace Mann Educators Corporation (NYSE:HMN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Horace Mann Educators Corporation (NYSE:HMN) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,069 shares of the insurance provider’s stock after selling 352 shares during the quarter. Yousif Capital Management LLC’s holdings in Horace Mann Educators were worth $644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HMN. Harbor Capital Advisors Inc. grew its position in Horace Mann Educators by 27.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 64,655 shares of the insurance provider’s stock valued at $2,763,000 after acquiring an additional 13,782 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Horace Mann Educators by 7,143.4% in the first quarter. GAMMA Investing LLC now owns 115,243 shares of the insurance provider’s stock valued at $49,240,000 after purchasing an additional 113,652 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Horace Mann Educators by 12.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,246 shares of the insurance provider’s stock valued at $5,149,000 after purchasing an additional 14,844 shares during the period. State of Wyoming grew its holdings in shares of Horace Mann Educators by 20.3% in the fourth quarter. State of Wyoming now owns 7,158 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Horace Mann Educators by 1.2% during the 4th quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider’s stock worth $3,408,000 after buying an additional 1,022 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.0%

Shares of NYSE:HMN opened at $42.10 on Friday. Horace Mann Educators Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The firm’s 50 day moving average price is $42.16 and its 200 day moving average price is $40.94. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.25 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.19. The company had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. As a group, equities research analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 13th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, June 16th. Horace Mann Educators’s dividend payout ratio (DPR) is 50.72%.

Insiders Place Their Bets

In related news, EVP Bret A. Conklin sold 4,760 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $42.90, for a total value of $204,204.00. Following the transaction, the executive vice president now directly owns 58,587 shares of the company’s stock, valued at $2,513,382.30. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now owns 13,643 shares in the company, valued at $584,738.98. This represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,014 shares of company stock valued at $2,328,368 in the last ninety days. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HMN shares. Wall Street Zen lowered shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

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.