Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its holdings in Horace Mann Educators Co. (NYSE:HMN) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,521 shares of the insurance provider’s stock after selling 3,600 shares during the period. Public Sector Pension Investment Board owned 0.21% of Horace Mann Educators worth $3,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Horace Mann Educators by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after purchasing an additional 43,064 shares in the last quarter. Earnest Partners LLC grew its position in shares of Horace Mann Educators by 1.9% during the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after buying an additional 26,736 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Horace Mann Educators by 8.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after buying an additional 86,766 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after buying an additional 6,254 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Horace Mann Educators by 129.0% in the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after acquiring an additional 164,036 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Activity at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. The trade was a 12.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,751 shares of company stock valued at $1,946,895 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HMN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Raymond James started coverage on Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Finally, Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.67.

Horace Mann Educators Trading Down 0.2 %

NYSE HMN opened at $41.05 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The company has a 50-day simple moving average of $38.17 and a 200-day simple moving average of $35.41. The firm has a market capitalization of $1.67 billion, a PE ratio of 16.35 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

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.