Horace Mann Educators Co. (NYSE:HMN) Position Increased by Amundi

Amundi boosted its holdings in Horace Mann Educators Co. (NYSE:HMN) by 184.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,440 shares of the insurance provider’s stock after buying an additional 13,255 shares during the quarter. Amundi owned 0.05% of Horace Mann Educators worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HMN. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth $1,511,000. Vestmark Advisory Solutions Inc. lifted its stake in Horace Mann Educators by 19.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 11,192 shares of the insurance provider’s stock valued at $439,000 after buying an additional 1,840 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Horace Mann Educators in the fourth quarter worth about $1,121,000. Proficio Capital Partners LLC purchased a new position in shares of Horace Mann Educators in the fourth quarter worth approximately $428,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Horace Mann Educators by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock valued at $851,000 after acquiring an additional 305 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Trading Down 0.2 %

Shares of NYSE:HMN opened at $41.49 on Thursday. The firm has a fifty day moving average of $40.01 and a two-hundred day moving average of $38.76. 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. The firm has a market capitalization of $1.70 billion, a P/E ratio of 16.73 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.37%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio is currently 56.45%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HMN shares. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler upped their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price objective on 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.67.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on 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 owns 298,324 shares in the company, valued at $11,753,965.60. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction 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. Over the last quarter, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Company 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.