KLP Kapitalforvaltning AS Makes New $620,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

KLP Kapitalforvaltning AS purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,800 shares of the insurance provider’s stock, valued at approximately $620,000.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. State Street Corp increased its stake in Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after purchasing an additional 20,771 shares during the period. Geode Capital Management LLC raised its holdings in Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after buying an additional 22,358 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Horace Mann Educators by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock worth $22,239,000 after purchasing an additional 8,570 shares during the period. Finally, Bank of New York Mellon Corp increased 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 valued at $18,448,000 after purchasing an additional 54,398 shares during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Stock Up 0.4 %

Shares of HMN opened at $43.60 on Thursday. The firm has a fifty day moving average price of $40.95 and a 200-day moving average price of $39.31. The company has a current ratio of 0.10, a quick ratio of 0.09 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 $43.69. The firm has a market capitalization of $1.78 billion, a P/E ratio of 17.58 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results 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%. Equities research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 56.45%.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the transaction, the chief executive officer now owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value 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 position. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on HMN. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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. Four investment 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 stock presently has a consensus rating of “Hold” and an average target price of $43.67.

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.