Russell Investments Group Ltd. Sells 156,900 Shares of Horace Mann Educators Co. (NYSE:HMN)

Russell Investments Group Ltd. reduced its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 37.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 262,174 shares of the insurance provider’s stock after selling 156,900 shares during the period. Russell Investments Group Ltd.’s holdings in Horace Mann Educators were worth $10,285,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HMN. Smartleaf Asset Management LLC boosted its position in Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after buying an additional 620 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 671 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Horace Mann Educators during the 4th quarter worth $92,000. KBC Group NV increased its holdings in Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider’s stock worth $93,000 after purchasing an additional 707 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Horace Mann Educators in the third quarter valued at about $209,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the transaction, the chief executive officer now owns 320,451 shares in the company, valued at $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,816 shares of company stock valued at $485,624. 3.80% of the stock is currently owned by insiders.

Horace Mann Educators Trading Down 1.3 %

Shares of HMN stock opened at $39.37 on Friday. The stock has a 50-day moving average of $41.32 and a 200-day moving average of $39.63. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 15.87 and a beta of 0.21. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.35 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 3.56%. Horace Mann Educators’s payout ratio is presently 56.45%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HMN shares. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler boosted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus target price of $43.67.

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.