EntryPoint Capital LLC Sells 7,325 Shares of Horace Mann Educators Co. (NYSE:HMN)

EntryPoint Capital LLC lowered its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 53.9% in the fourth quarter, Holdings Channel reports. The firm owned 6,272 shares of the insurance provider’s stock after selling 7,325 shares during the period. EntryPoint Capital LLC’s holdings in Horace Mann Educators were worth $246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HMN. Victory Capital Management Inc. grew its holdings in shares of Horace Mann Educators by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock valued at $851,000 after buying an additional 305 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Horace Mann Educators by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock worth $1,996,000 after acquiring an additional 581 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 620 shares during the period. GAMMA Investing LLC increased its holdings in shares of Horace Mann Educators by 72.9% in the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 671 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Horace Mann Educators by 2.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider’s stock worth $1,261,000 after purchasing an additional 672 shares during the period. Institutional investors own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler upped their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.67.

Horace Mann Educators Trading Down 1.0 %

NYSE HMN opened at $42.69 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock’s 50 day moving average price is $40.63 and its two-hundred day moving average price is $39.07. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 17.21 and a beta of 0.25.

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

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is currently 56.45%.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares in the company, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the sale, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,817 shares of company stock worth $415,140. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Company 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.