Horace Mann Educators Co. (NYSE:HMN) Shares Sold by ETRADE Capital Management LLC

ETRADE Capital Management LLC lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,243 shares of the insurance provider’s stock after selling 474 shares during the quarter. ETRADE Capital Management LLC’s holdings in Horace Mann Educators were worth $448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mason Street Advisors LLC raised its position in Horace Mann Educators by 2.6% during the fourth quarter. Mason Street Advisors LLC now owns 14,357 shares of the insurance provider’s stock worth $627,000 after acquiring an additional 368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Horace Mann Educators by 13.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 381 shares in the last quarter. Amalgamated Bank raised its position in shares of Horace Mann Educators by 7.5% during the 4th quarter. Amalgamated Bank now owns 6,863 shares of the insurance provider’s stock worth $300,000 after purchasing an additional 477 shares during the last quarter. Fifth Third Bancorp lifted its stake in Horace Mann Educators by 22.8% in the 1st quarter. Fifth Third Bancorp now owns 2,984 shares of the insurance provider’s stock valued at $109,000 after buying an additional 555 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Horace Mann Educators by 37.5% in the 4th quarter. Quantbot Technologies LP now owns 2,061 shares of the insurance provider’s stock worth $89,000 after buying an additional 562 shares during the last quarter. 99.96% of the stock is owned by institutional investors.

Several analysts recently commented on the company. Zacks Investment Research upgraded Horace Mann Educators from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Saturday. ValuEngine lowered shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. TheStreet downgraded shares of Horace Mann Educators from a “b-” rating to a “c” rating in a research note on Friday, March 27th. Finally, Piper Sandler dropped their price objective on shares of Horace Mann Educators from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, April 3rd.

In related news, EVP Matthew P. Sharpe sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $35.00, for a total value of $122,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

Shares of HMN opened at $35.17 on Monday. Horace Mann Educators Co. has a 52-week low of $30.48 and a 52-week high of $48.15. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $33.93 and a two-hundred day simple moving average of $40.33. The company has a market capitalization of $1.45 billion, a PE ratio of 8.66 and a beta of 0.47.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The firm had revenue of $307.30 million during the quarter, compared to analysts’ expectations of $332.50 million. Horace Mann Educators had a net margin of 11.98% and a return on equity of 6.45%. As a group, equities analysts anticipate that Horace Mann Educators Co. will post 2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.55%.

Horace Mann Educators Profile

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

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