Proficio Capital Partners LLC Purchases Shares of 10,906 Horace Mann Educators Co. (NYSE:HMN)

Proficio Capital Partners LLC bought a new stake in Horace Mann Educators Co. (NYSE:HMN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,906 shares of the insurance provider’s stock, valued at approximately $428,000.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in Horace Mann Educators by 2.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider’s stock worth $1,261,000 after purchasing an additional 672 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Horace Mann Educators by 13.1% in the fourth quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock valued at $18,448,000 after purchasing an additional 54,398 shares in the last quarter. WESPAC Advisors LLC increased its holdings in shares of Horace Mann Educators by 4.6% in the fourth quarter. WESPAC Advisors LLC now owns 19,683 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 869 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Horace Mann Educators by 71.4% in the fourth quarter. Ieq Capital LLC now owns 19,291 shares of the insurance provider’s stock valued at $757,000 after purchasing an additional 8,034 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Horace Mann Educators in the fourth quarter valued at approximately $92,000. Institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, the chief executive officer now directly owns 298,324 shares in the company, valued at $11,753,965.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the business’s 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 transaction, the director now owns 16,352 shares in the company, valued at $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,817 shares of company stock worth $415,140. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Trading Down 2.3 %

Shares of NYSE:HMN opened at $40.78 on Tuesday. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.53. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $39.61 and its 200 day simple moving average is $38.47. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 16.44 and a beta of 0.25.

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

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.35 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, March 17th. Horace Mann Educators’s payout ratio is presently 56.45%.

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.