Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its position in Horace Mann Educators Co. (NYSE:HMN) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,722 shares of the insurance provider’s stock after selling 1,842 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Horace Mann Educators were worth $480,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. KBC Group NV grew its holdings in shares of Horace Mann Educators by 60.2% in the 3rd 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. State of New Jersey Common Pension Fund D grew its holdings in Horace Mann Educators by 5.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock valued at $2,014,000 after buying an additional 2,895 shares during the last quarter. Summit Global Investments acquired a new stake in Horace Mann Educators during the 3rd quarter valued at $674,000. Principal Financial Group Inc. boosted its holdings in shares of Horace Mann Educators by 10.6% during the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after purchasing an additional 21,430 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Horace Mann Educators by 125.5% during the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 27,987 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Trading Up 0.9 %

Horace Mann Educators stock opened at $41.30 on Friday. The stock has a market cap of $1.68 billion, a P/E ratio of 16.45 and a beta of 0.27. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company’s fifty day simple moving average is $36.62 and its 200-day simple moving average is $35.06. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

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

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.29%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Raymond James began coverage on 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. Finally, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.67.

Insider Activity

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the sale, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction 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 in the company, valued at approximately $10,886,592.64. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,751 shares of company stock valued at $1,946,895 over the last three months. 3.80% of the stock is owned by insiders.

About Horace Mann Educators

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.