New York State Common Retirement Fund Has $7.74 Million Stock Position in Horace Mann Educators Corporation (NYSE:HMN)

New York State Common Retirement Fund trimmed its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,140 shares of the insurance provider’s stock after selling 9,962 shares during the quarter. New York State Common Retirement Fund owned 0.44% of Horace Mann Educators worth $7,740,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in 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 worth $51,000 after buying an additional 1,153 shares during the last quarter. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock worth $115,000 after buying an additional 1,106 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in Horace Mann Educators during the fourth quarter worth about $244,000. EP Wealth Advisors LLC purchased a new position in shares of Horace Mann Educators in the fourth quarter worth about $255,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Horace Mann Educators in the first quarter worth about $275,000. 99.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Bret A. Conklin sold 15,472 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $43.52, for a total value of $673,341.44. Following the transaction, the executive vice president owned 55,792 shares in the company, valued at $2,428,067.84. This represents a 21.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Victor Fetter acquired 3,500 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of $44.03 per share, with a total value of $154,105.00. Following the completion of the acquisition, the director owned 14,655 shares in the company, valued at approximately $645,259.65. This represents a 31.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 51,198 shares of company stock worth $2,206,575 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HMN. Piper Sandler lifted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Wall Street Zen upgraded shares of Horace Mann Educators from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Horace Mann Educators has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

Horace Mann Educators Trading Up 0.0%

Shares of HMN opened at $41.32 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 14.97 and a beta of 0.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Corporation has a fifty-two week low of $31.95 and a fifty-two week high of $44.44. The firm has a 50 day moving average price of $42.47 and a 200-day moving average price of $41.15.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. As a group, equities research analysts forecast that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators declared that its Board of Directors has approved a share buyback program on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Monday, June 16th. Horace Mann Educators’s payout ratio is 50.72%.

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.