Y Intercept Hong Kong Ltd Has $262,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Y Intercept Hong Kong Ltd lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 42.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,666 shares of the insurance provider’s stock after selling 4,923 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Horace Mann Educators were worth $262,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. KBC Group NV grew its position in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 628 shares during the last quarter. GAMMA Investing LLC grew its holdings in Horace Mann Educators by 72.9% in the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Horace Mann Educators in the 4th quarter valued at $92,000. Captrust Financial Advisors bought a new position in Horace Mann Educators during the 3rd quarter worth $209,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth $216,000. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Down 2.6 %

Shares of Horace Mann Educators stock opened at $41.58 on Wednesday. The firm’s 50-day moving average price is $39.46 and its two-hundred day moving average price is $38.26. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.76 and a beta of 0.31. The company has a quick ratio of 0.09, a current ratio of 0.10 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 $43.53.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is currently 54.84%.

Insiders Place Their Bets

In other news, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the transaction, the chief executive officer now owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HMN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler boosted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.67.

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.