Raymond James & Associates Sells 1,372 Shares of Horace Mann Educators Co. (NYSE:HMN)

Raymond James & Associates reduced its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,617 shares of the insurance provider’s stock after selling 1,372 shares during the period. Raymond James & Associates owned about 0.11% of Horace Mann Educators worth $1,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HMN. Exchange Traded Concepts LLC increased its holdings in shares of Horace Mann Educators by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock worth $1,543,000 after buying an additional 375 shares in the last quarter. Deutsche Bank AG grew its position in Horace Mann Educators by 17.4% during the 3rd quarter. Deutsche Bank AG now owns 21,636 shares of the insurance provider’s stock worth $636,000 after acquiring an additional 3,214 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Horace Mann Educators during the 3rd quarter valued at $322,000. Jacobs Levy Equity Management Inc. raised its position in Horace Mann Educators by 381.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider’s stock valued at $4,241,000 after purchasing an additional 114,380 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Horace Mann Educators by 27.0% in the third quarter. The Manufacturers Life Insurance Company now owns 20,881 shares of the insurance provider’s stock worth $613,000 after purchasing an additional 4,437 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Piper Sandler reduced their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $33.00 to $40.00 in a research report on Monday, January 29th.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the transaction, the chief executive officer now owns 304,483 shares of the company’s stock, valued at $11,265,871. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Marita Zuraitis sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the transaction, the chief executive officer now owns 304,483 shares in the company, valued at $11,265,871. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares in the company, valued at $780,264. The disclosure for this sale can be found here. Insiders sold a total of 74,327 shares of company stock valued at $2,728,271 over the last three months. Company insiders own 3.20% of the company’s stock.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN opened at $35.42 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 32.79 and a beta of 0.28. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. Horace Mann Educators Co. has a 1-year low of $27.81 and a 1-year high of $38.29. The business has a 50-day moving average price of $35.90 and a two-hundred day moving average price of $33.92.

Horace Mann Educators (NYSE:HMN) last posted its quarterly 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. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million during the quarter, compared to the consensus estimate of $394.40 million. Equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.34 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 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.