Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its stake in Horace Mann Educators Co. (NYSE:HMN) by 52.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,337 shares of the insurance provider’s stock after selling 33,735 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.07% of Horace Mann Educators worth $992,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HMN. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Horace Mann Educators by 43.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,083,838 shares of the insurance provider’s stock worth $119,983,000 after purchasing an additional 1,241,193 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Horace Mann Educators by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider’s stock valued at $14,774,000 after purchasing an additional 30,908 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in shares of Horace Mann Educators by 16.5% during the third quarter. Ceredex Value Advisors LLC now owns 477,600 shares of the insurance provider’s stock valued at $14,032,000 after purchasing an additional 67,750 shares during the last quarter. Ariel Investments LLC grew its holdings in Horace Mann Educators by 1.2% in the 3rd quarter. Ariel Investments LLC now owns 340,981 shares of the insurance provider’s stock worth $10,018,000 after buying an additional 4,041 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Horace Mann Educators in the 3rd quarter worth approximately $6,124,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares in the company, valued at approximately $780,264. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at approximately $780,264. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The disclosure for this sale can be found here. Insiders sold 74,327 shares of company stock worth $2,728,271 in the last quarter. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HMN. Piper Sandler reduced their price objective on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $40.00 in a research report on Monday, January 29th.

Horace Mann Educators Trading Down 0.1 %

Horace Mann Educators stock opened at $36.74 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. The business’s 50-day simple moving average is $35.83 and its 200-day simple moving average is $34.24. The firm has a market capitalization of $1.50 billion, a PE ratio of 34.03 and a beta of 0.28. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $38.29.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. The business had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.15 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.70%. The ex-dividend date was Thursday, March 14th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s payout ratio is 125.93%.

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.