Barclays PLC Raises Stake in Horace Mann Educators Co. (NYSE:HMN)

Barclays PLC increased its stake in Horace Mann Educators Co. (NYSE:HMN) by 336.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,012 shares of the insurance provider’s stock after purchasing an additional 53,961 shares during the quarter. Barclays PLC owned 0.17% of Horace Mann Educators worth $2,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Horace Mann Educators by 1.7% in 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 in the last quarter. State Street Corp grew its holdings in shares of Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after acquiring an additional 20,771 shares during the period. Earnest Partners LLC increased its stake in Horace Mann Educators by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock valued at $46,519,000 after purchasing an additional 26,736 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after purchasing an additional 86,766 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Horace Mann Educators by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after purchasing an additional 6,254 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Horace Mann Educators Trading Up 0.5 %

Horace Mann Educators stock opened at $39.70 on Thursday. The stock has a 50-day moving average price of $40.01 and a 200 day moving average price of $36.18. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The stock has a market cap of $1.62 billion, a PE ratio of 15.82 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 (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities research analysts predict that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

Insider Activity

In related news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. The trade was a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,751 shares of company stock valued at $2,114,775 over the last quarter. Company 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.