Corebridge Financial Inc. Sells 1,709 Shares of Horace Mann Educators Co. (NYSE:HMN)

Corebridge Financial Inc. reduced its stake in Horace Mann Educators Co. (NYSE:HMN) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,880 shares of the insurance provider’s stock after selling 1,709 shares during the period. Corebridge Financial Inc.’s holdings in Horace Mann Educators were worth $858,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HMN. Franklin Resources Inc. boosted its stake in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after purchasing an additional 359,083 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Horace Mann Educators by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock worth $9,208,000 after buying an additional 11,205 shares in the last quarter. Barclays PLC boosted its position in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after acquiring an additional 53,961 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 6,254 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after acquiring an additional 22,358 shares during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Down 3.7 %

Shares of HMN stock opened at $41.48 on Friday. The business has a 50-day moving average price of $41.13 and a two-hundred day moving average price of $39.42. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.70 billion, a P/E ratio of 16.73 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Equities analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.38%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 56.45%.

Insiders Place Their Bets

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now owns 16,352 shares of the company’s stock, valued at $627,262.72. This trade represents a 14.70 % decrease in their position. 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 5,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares of the company’s stock, valued at approximately $13,808,233.59. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,633 shares of company stock valued at $593,684 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

HMN has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, February 11th. Piper Sandler upped their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $43.67.

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.