New York State Teachers Retirement System Has $2.60 Million Stock Position in Horace Mann Educators Co. (NYSE:HMN)

New York State Teachers Retirement System decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,371 shares of the insurance provider’s stock after selling 3,094 shares during the period. New York State Teachers Retirement System owned 0.19% of Horace Mann Educators worth $2,595,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Horace Mann Educators during the fourth quarter valued at $36,000. Exchange Traded Concepts LLC raised its holdings in 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 valued at $1,543,000 after buying an additional 375 shares in the last quarter. Deutsche Bank AG raised its holdings in Horace Mann Educators by 17.4% during the third quarter. Deutsche Bank AG now owns 21,636 shares of the insurance provider’s stock valued at $636,000 after buying an additional 3,214 shares in the last quarter. Graham Capital Management L.P. bought a new position in Horace Mann Educators during the third quarter valued at about $322,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Horace Mann Educators by 381.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider’s stock valued at $4,241,000 after buying an additional 114,380 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Transactions at Horace Mann Educators

In other news, General Counsel Donald M. Carley sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the transaction, the general counsel now directly owns 29,627 shares of the company’s stock, valued at approximately $1,040,203.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Horace Mann Educators news, CEO Marita Zuraitis sold 50,098 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total transaction of $1,858,134.82. Following the transaction, the chief executive officer now owns 279,600 shares of the company’s stock, valued at approximately $10,370,364. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Donald M. Carley sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the transaction, the general counsel now directly owns 29,627 shares in the company, valued at approximately $1,040,203.97. The disclosure for this sale can be found here. Insiders have sold 73,077 shares of company stock valued at $2,682,021 in the last three months. 3.60% of the stock is owned by corporate insiders.

Horace Mann Educators Trading Down 0.0 %

Horace Mann Educators stock opened at $34.14 on Tuesday. 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 $35.98 and its 200-day simple moving average is $33.87. The firm has a market capitalization of $1.40 billion, a PE ratio of 31.61 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 posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 EPS 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 analyst estimates 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.34 dividend. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s payout ratio is presently 125.93%.

Analysts Set New Price Targets

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

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.