Horace Mann Educators Corp. (HMN)

Amalgamated Bank Sells 430 Shares of Horace Mann Educators Co. (NYSE:HMN)

Amalgamated Bank trimmed its stake in Horace Mann Educators Co. (NYSE:HMN – Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,524 shares of the insurance provider’s stock after selling 430 shares during the period. Amalgamated Bank’s holdings in Horace Mann Educators were worth $508,000 at the end of the most recent quarter. Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Horace Mann Educators by 43.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,083,838 shares of the insurance provider’s stock worth $119,983,000 after purchasing an additional 1,241,193 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Horace Mann Educators by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider’s stock valued at $14,774,000 after buying an additional 30,908 shares in the last quarter. Ariel Investments LLC raised its stake in Horace Mann Educators by 1.2% in the third quarter. Ariel Investments LLC now owns 340,981 shares of the insurance provider’s stock valued at $10,018,000 after buying an additional 4,041 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Horace Mann Educators in the third quarter worth about $6,124,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Horace Mann Educators by 95.3% during the third quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider’s stock worth $5,456,000 after acquiring an additional 90,607 shares during the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of Horace Mann Educators stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Horace Mann Educators news, General Counsel Donald M. Carley sold 5,000 shares of the firm’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 owns 29,627 shares in the company, valued at approximately $1,040,203.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the sale, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The disclosure for this sale can be found here. Insiders sold a total of 21,529 shares of company stock valued at $770,237 in the last three months. 3.80% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on HMN. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $33.00 to $40.00 in a research report on Monday, January 29th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler dropped their target price on Horace Mann Educators from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Read Our Latest Stock Analysis on HMN Horace Mann Educators Stock Up 0.0 % Shares of HMN opened at $34.85 on Monday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.34 and a beta of 0.26. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $39.25. The stock’s 50-day moving average price is $35.97 and its 200-day moving average price is $34.84. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.34 per share. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.90%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%. About Horace Mann Educators (Free Report) 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.