State Street Corp Purchases 20,771 Shares of Horace Mann Educators Co. (NYSE:HMN)

State Street Corp raised its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,633,717 shares of the insurance provider’s stock after purchasing an additional 20,771 shares during the period. State Street Corp owned about 4.01% of Horace Mann Educators worth $57,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in HMN. Assenagon Asset Management S.A. increased its stake in shares of Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after buying an additional 164,036 shares during the period. Deprince Race & Zollo Inc. raised its holdings in shares of Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after purchasing an additional 86,766 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after purchasing an additional 64,087 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Horace Mann Educators during the second quarter valued at approximately $2,037,000. Finally, Dimensional Fund Advisors LP increased its holdings in Horace Mann Educators by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after buying an additional 43,064 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Price Performance

NYSE HMN opened at $39.10 on Thursday. The firm’s fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $35.99. The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.58 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 Co. has a 12-month low of $31.81 and a 12-month high of $43.26.

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 the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the chief executive officer now owns 300,542 shares in the company, valued at approximately $12,613,747.74. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,751 shares of company stock valued at $2,114,775. Insiders own 3.80% of the company’s stock.

About Horace Mann Educators

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.