Geode Capital Management LLC Increases Holdings in Horace Mann Educators Co. (NYSE:HMN)

Geode Capital Management LLC increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954,080 shares of the insurance provider’s stock after purchasing an additional 22,358 shares during the quarter. Geode Capital Management LLC owned approximately 2.34% of Horace Mann Educators worth $33,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its holdings in Horace Mann Educators by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after buying an additional 400 shares in the last quarter. Arjuna Capital increased its holdings in shares of Horace Mann Educators by 1.6% in the second quarter. Arjuna Capital now owns 78,465 shares of the insurance provider’s stock worth $2,560,000 after purchasing an additional 1,206 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Horace Mann Educators in the second quarter worth about $2,037,000. nVerses Capital LLC bought a new position in Horace Mann Educators during the second quarter valued at approximately $59,000. Finally, Natixis Advisors LLC grew its holdings in Horace Mann Educators by 2.2% during the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock valued at $729,000 after buying an additional 473 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the chief executive officer now owns 300,542 shares of the company’s stock, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. 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 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 value 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. This trade 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 worth $2,114,775 in the last quarter. 3.80% of the stock is owned by company insiders.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $39.70 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s fifty day moving average is $40.01 and its 200 day moving average is $36.18. The firm has a market capitalization of $1.62 billion, a PE ratio of 15.82 and a beta of 0.30. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

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

Analysts Set New Price Targets

HMN has been the topic of several recent research reports. 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 report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators 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.