JPMorgan Chase & Co. Cuts Stock Position in Horace Mann Educators Co. (NYSE:HMN)

JPMorgan Chase & Co. trimmed its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 16.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,027 shares of the insurance provider’s stock after selling 20,438 shares during the period. JPMorgan Chase & Co. owned 0.26% of Horace Mann Educators worth $3,671,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HMN. Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 21,430 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after purchasing an additional 359,083 shares in the last quarter. Geode Capital Management LLC boosted its stake in Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after purchasing an additional 22,358 shares during the last quarter. Barclays PLC grew its holdings in shares of Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after buying an additional 53,961 shares in the last quarter. Finally, State Street Corp raised its position in shares of Horace Mann Educators by 1.3% in the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after buying an additional 20,771 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Trading Down 0.8 %

Shares of HMN stock opened at $38.19 on Friday. 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 twelve month low of $31.81 and a twelve month high of $43.26. The company’s 50-day moving average price is $40.09 and its 200-day moving average price is $36.81. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 15.21 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. As a group, equities analysts predict that Horace Mann Educators Co. will post 2.56 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.56%. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

Analyst Ratings Changes

HMN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock 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 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.67.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the sale, the chief executive officer now owns 300,542 shares of the company’s stock, valued at $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now owns 16,352 shares in the company, valued at $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,451 shares of company stock worth $819,579 over the last quarter. 3.80% of the stock is currently owned by company insiders.

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.