Hotchkis & Wiley Capital Management LLC Sells 11,900 Shares of Horace Mann Educators Co. (NYSE:HMN)

Hotchkis & Wiley Capital Management LLC reduced its stake in Horace Mann Educators Co. (NYSE:HMN) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 980,515 shares of the insurance provider’s stock after selling 11,900 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 2.41% of Horace Mann Educators worth $34,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Horace Mann Educators by 270.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after purchasing an additional 16,278 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after buying an additional 21,430 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Horace Mann Educators in the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. acquired a new stake in Horace Mann Educators in the second quarter worth $508,000. Finally, Hantz Financial Services Inc. bought a new stake in Horace Mann Educators in the 2nd quarter valued at about $2,037,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at approximately $10,910,538.12. The trade was a 12.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction on Monday, November 11th. The stock was 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 directly owns 19,057 shares in the company, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,751 shares of company stock valued at $1,946,895. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

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

Horace Mann Educators Stock Down 1.8 %

HMN opened at $41.12 on Tuesday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.38 and a beta of 0.30. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The company has a fifty day moving average price of $38.05 and a 200-day moving average price of $35.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

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

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.