Mutual of America Capital Management LLC Sells 698 Shares of Horace Mann Educators Corporation $HMN

Mutual of America Capital Management LLC cut its stake in Horace Mann Educators Corporation (NYSE:HMN) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,238 shares of the insurance provider’s stock after selling 698 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Horace Mann Educators were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Horace Mann Educators by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock valued at $362,000 after acquiring an additional 325 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Horace Mann Educators by 0.7% in the 1st quarter. Martingale Asset Management L P now owns 48,332 shares of the insurance provider’s stock valued at $2,065,000 after acquiring an additional 340 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Horace Mann Educators by 1.7% in the 1st quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider’s stock valued at $952,000 after acquiring an additional 370 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Horace Mann Educators by 1.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock valued at $839,000 after acquiring an additional 372 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Horace Mann Educators by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider’s stock valued at $1,274,000 after acquiring an additional 380 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HMN shares. BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. Piper Sandler boosted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Wall Street Zen lowered Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Horace Mann Educators in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given 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 price target of $46.75.

Horace Mann Educators Trading Up 0.3%

NYSE:HMN opened at $44.28 on Thursday. Horace Mann Educators Corporation has a twelve month low of $36.20 and a twelve month high of $47.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $45.36 and a two-hundred day moving average price of $43.35. The company has a market cap of $1.80 billion, a P/E ratio of 13.10 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm had revenue of $330.60 million during the quarter. As a group, analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. Horace Mann Educators’s dividend payout ratio is 41.42%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer owned 302,155 shares of the company’s stock, valued at $12,775,113.40. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Donald M. Carley sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel directly owned 22,092 shares of the company’s stock, valued at approximately $1,014,906.48. This trade represents a 13.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,500 shares of company stock valued at $825,040. Insiders own 4.00% of the company’s stock.

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.