ARGA Investment Management LP Sells 4,062 Shares of Horace Mann Educators Co. (NYSE:HMN)

ARGA Investment Management LP lowered its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 41.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,748 shares of the insurance provider’s stock after selling 4,062 shares during the period. ARGA Investment Management LP’s holdings in Horace Mann Educators were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HMN. Franklin Resources Inc. lifted its holdings in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the period. State Street Corp raised its position in Horace Mann Educators by 1.3% in the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after purchasing an additional 20,771 shares in the last quarter. Geode Capital Management LLC lifted its stake in Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after purchasing an additional 22,358 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Horace Mann Educators by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock valued at $19,513,000 after purchasing an additional 6,254 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after purchasing an additional 164,036 shares during the period. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HMN shares. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler lifted their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Horace Mann Educators currently has a consensus rating of “Hold” and a consensus price target of $42.67.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $41.97, for a total value of $167,880.00. Following the completion of the sale, the chief executive officer now owns 300,542 shares of the company’s stock, valued at $12,613,747.74. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,451 shares of company stock worth $670,619 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $38.07 on Wednesday. The stock has a market capitalization of $1.55 billion, a P/E ratio of 15.17 and a beta of 0.31. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The firm has a 50 day moving average of $39.40 and a 200-day moving average of $37.25.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm 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%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, sell-side analysts anticipate that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.57%. Horace Mann Educators’s dividend payout ratio is 54.18%.

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.