Horace Mann Educators Corporation $HMN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,930,889 shares of the insurance provider’s stock after selling 73,917 shares during the quarter. Vanguard Group Inc. owned approximately 12.09% of Horace Mann Educators worth $210,697,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HMN. Bank of Montreal Can boosted its position in Horace Mann Educators by 2.1% during the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider’s stock worth $521,000 after acquiring an additional 272 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Horace Mann Educators by 7.0% in the 4th quarter. Renaissance Technologies LLC now owns 22,900 shares of the insurance provider’s stock valued at $898,000 after purchasing an additional 1,500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Horace Mann Educators in the 4th quarter valued at $1,121,000. Sterling Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Horace Mann Educators by 25.3% in the 4th quarter. Barclays PLC now owns 87,704 shares of the insurance provider’s stock valued at $3,441,000 after purchasing an additional 17,692 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Raymond James Financial reissued a “strong-buy” rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $45.0830 on Wednesday. Horace Mann Educators Corporation has a 12-month low of $33.00 and a 12-month high of $45.36. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.34 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s fifty day moving average price is $42.34 and its 200 day moving average price is $41.86.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.45. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, EVP Bret A. Conklin sold 15,472 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 55,792 shares of the company’s stock, valued at $2,428,067.84. This trade represents a 21.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $43.24, for a total transaction of $216,200.00. Following the transaction, the chief executive officer directly owned 310,451 shares of the company’s stock, valued at approximately $13,423,901.24. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,198 shares of company stock valued at $2,210,975. 3.80% of the stock is owned by company insiders.

About Horace Mann Educators

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.