Thrivent Financial for Lutherans Has $1.25 Million Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Thrivent Financial for Lutherans decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,872 shares of the insurance provider’s stock after selling 1,991 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Horace Mann Educators were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after purchasing an additional 86,766 shares during the period. Bank of Montreal Can grew its position in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after purchasing an additional 64,087 shares during the period. Hantz Financial Services Inc. bought a new position in Horace Mann Educators in the second quarter valued at approximately $2,037,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Horace Mann Educators by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after acquiring an additional 43,064 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Activity

In related news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares in the company, valued at $10,886,592.64. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,751 shares of company stock worth $1,946,895. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

HMN opened at $41.87 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $38.05 and a 200 day simple moving average of $35.36. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The company has a market capitalization of $1.71 billion, a PE ratio of 16.68 and a beta of 0.27.

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

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued 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 3.25%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Analyst Upgrades and Downgrades

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

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.