NFJ Investment Group LLC Sells 3,780 Shares of Horace Mann Educators Co. (NYSE:HMN)

NFJ Investment Group LLC cut its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,228 shares of the insurance provider’s stock after selling 3,780 shares during the period. NFJ Investment Group LLC owned 0.20% of Horace Mann Educators worth $2,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HMN. Louisiana State Employees Retirement System boosted its stake in Horace Mann Educators by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC boosted its position in shares of Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock valued at $729,000 after acquiring an additional 473 shares during the period. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 540 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after acquiring an additional 570 shares during the period. Finally, KBC Group NV increased its position in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $41.05 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.35 and a beta of 0.30. The stock has a fifty day moving average of $38.17 and a 200-day moving average of $35.41.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, sell-side analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HMN has been the subject of a number of recent research reports. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.67.

Insider Activity

In related news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of the sale, the chief executive officer now owns 292,336 shares of the company’s stock, valued at $10,886,592.64. This trade represents a 1.35 % decrease in their ownership of the stock. The transaction 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 Horace Mann Educators stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,751 shares of company stock valued at $1,946,895 over the last quarter. 3.80% of the stock is owned by company insiders.

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.