Fuller & Thaler Asset Management, Inc. has recently adjusted its investment in Horace Mann Educators Corp (HMN, Financial), marking a significant transaction in its portfolio. On September 30, 2024, the firm reduced its holdings by 1,424,602 shares, resulting in a new total of 2,453,018 shares. This move decreased the firm's stake by 36.74%, with the shares being traded at a price of $34.95 each. This adjustment has a modest impact of -0.21% on Fuller & Thaler’s portfolio, reflecting a strategic shift in their investment approach.
Profile of Fuller & Thaler Asset Management
Founded in 1993 and based in San Mateo, California, Fuller & Thaler Asset Management is a distinguished investment management firm, primarily serving high net worth individuals. With a team of 16 employees, the firm manages 61 discretionary accounts totaling over $2.8 billion in assets. Known for its bottom-up investment strategy and focus on micro to small cap growth and value stocks, Fuller & Thaler has a significant presence in the financial services sector, which constitutes nearly a quarter of its total asset allocations. Other sectors of interest include industrials, information technology, and consumer discretionary. The firm's top holdings include Citizens Financial Group Inc (CFG, Financial) and EMCOR Group Inc (EME, Financial), among others.
About Horace Mann Educators Corp
Horace Mann Educators Corp, headquartered in the USA, operates as a diversified insurance holding company. Since its IPO on November 21, 1991, the company has focused on providing insurance and retirement solutions primarily to educators and school employees. Its product range includes property and casualty insurance, retirement annuities, and life insurance. With a market capitalization of $1.71 billion and a current stock price of $42.06, Horace Mann is positioned as a key player in the insurance industry.
Financial and Market Performance of HMN
Horace Mann's stock performance has been robust with a PE ratio of 16.76 and a year-to-date price increase of 25.18%. The company's stock is currently deemed fairly valued with a GF Value of $40.01 and a price to GF Value ratio of 1.05. Despite some challenges in profitability and financial strength, Horace Mann maintains a solid growth rank of 7/10 and a Profitability Rank of 6/10.
Impact of the Trade on Fuller & Thaler’s Portfolio
The recent reduction in HMN shares by Fuller & Thaler has altered the composition of their portfolio, decreasing their position in the stock to 0.37% of their total holdings. This strategic move might reflect a realignment of investment priorities or a response to market conditions, considering the firm's significant exposure to the financial services sector.
Broader Market and Sector Analysis
The financial services and insurance sectors are currently experiencing dynamic shifts, influenced by regulatory changes and economic fluctuations. Horace Mann's performance, with a focus on the educational sector, provides a unique market position but also presents specific challenges and opportunities within these broader trends.
Other Significant Investors in HMN
Other notable investors in Horace Mann include Hotchkis & Wiley Capital Management LLC, which holds a significant share, and investment firms like Steven Scruggs (Trades, Portfolio) and Keeley-Teton Advisors, LLC (Trades, Portfolio), each with distinct investment styles and stakes in the company.
Conclusion
Fuller & Thaler Asset Management's recent reduction in their stake in Horace Mann Educators Corp reflects a strategic portfolio adjustment. As the market continues to evolve, particularly within the financial services and insurance sectors, the impact of such transactions will be crucial for both the firm and the broader market landscape. Investors and market watchers will undoubtedly keep a close eye on these developments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
