Horace Mann Educators Co. (NYSE:HMN) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 203.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 329,964 shares of the insurance provider’s stock after acquiring an additional 221,233 shares during the quarter. American Century Companies Inc. owned about 0.81% of Horace Mann Educators worth $12,944,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HMN. Franklin Resources Inc. increased its position in Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after purchasing an additional 359,083 shares in the last quarter. State Street Corp increased 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 worth $57,098,000 after acquiring an additional 20,771 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Horace Mann Educators by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after acquiring an additional 22,358 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Horace Mann Educators by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock valued at $22,239,000 after acquiring an additional 8,570 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Horace Mann Educators by 13.1% during the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after purchasing an additional 54,398 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Up 1.5 %

Shares of NYSE HMN opened at $43.39 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.53. The stock’s 50-day simple moving average is $40.83 and its 200-day simple moving average is $39.28. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 17.49 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.23%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is presently 56.45%.

Insider Activity

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the 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 sale, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 298,324 shares in the company, valued at approximately $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,817 shares of company stock worth $415,140. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on HMN shares. Keefe, Bruyette & Woods raised their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Piper Sandler increased their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.67.

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.