NFJ Investment Group LLC Has $2.87 Million Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

NFJ Investment Group LLC decreased its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 4.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 82,228 shares of the insurance provider’s stock after selling 3,780 shares during the period. NFJ Investment Group LLC’s holdings in Horace Mann Educators were worth $2,874,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in Horace Mann Educators by 67.2% during the 3rd quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider’s stock worth $501,000 after acquiring an additional 5,704 shares during the last quarter. ClearAlpha Technologies LP purchased a new position in Horace Mann Educators during the third quarter worth about $267,000. Verition Fund Management LLC bought a new stake in Horace Mann Educators in the 3rd quarter worth about $430,000. Captrust Financial Advisors bought a new stake in Horace Mann Educators in the 3rd quarter worth about $209,000. Finally, Martingale Asset Management L P increased its stake in Horace Mann Educators by 9.2% in the 3rd quarter. Martingale Asset Management L P now owns 48,054 shares of the insurance provider’s stock valued at $1,679,000 after buying an additional 4,043 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HMN. Piper Sandler upped their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Raymond James began coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Four 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 data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $41.05 on Wednesday. The business’s 50 day simple moving average is $38.17 and its 200 day simple moving average is $35.41. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.35 and a beta of 0.30. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

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

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 42,117 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 12.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 51,751 shares of company stock worth $1,946,895 over the last quarter. 3.80% of the stock is currently 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.