Charles Schwab Investment Management Inc. Boosts Position in Horace Mann Educators Co. (NYSE:HMN)

Charles Schwab Investment Management Inc. boosted its holdings in Horace Mann Educators Co. (NYSE:HMN) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 566,880 shares of the insurance provider’s stock after buying an additional 8,570 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.39% of Horace Mann Educators worth $22,239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in shares of Horace Mann Educators by 13.9% during the third 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 during the period. State Street Corp increased its stake 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 worth $57,098,000 after buying an additional 20,771 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after buying an additional 22,358 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $18,448,000 after buying an additional 54,398 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Horace Mann Educators by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock worth $9,208,000 after buying an additional 11,205 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. 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 note on Tuesday, February 11th. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.67.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, the chief executive officer now owns 298,324 shares of the company’s stock, valued at $11,753,965.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,817 shares of company stock worth $415,140. Company insiders own 3.80% of the company’s stock.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $41.56 on Wednesday. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.53. The firm’s 50-day simple moving average is $39.93 and its 200 day simple moving average is $38.74. 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 stock has a market cap of $1.70 billion, a P/E ratio of 16.76 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Equities analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current 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 given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.37%. Horace Mann Educators’s payout ratio is 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.