KBC Group NV Raises Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

KBC Group NV boosted its stake in Horace Mann Educators Co. (NYSE:HMN) by 60.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,671 shares of the insurance provider’s stock after acquiring an additional 628 shares during the period. KBC Group NV’s holdings in Horace Mann Educators were worth $58,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its holdings in shares of Horace Mann Educators by 5.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock worth $2,014,000 after acquiring an additional 2,895 shares during the period. Summit Global Investments purchased a new stake in Horace Mann Educators during the third quarter valued at about $674,000. Principal Financial Group Inc. increased its stake in Horace Mann Educators by 10.6% in the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after purchasing an additional 21,430 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Horace Mann Educators by 125.5% in the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after buying an additional 27,987 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMN. Raymond James started coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Piper Sandler boosted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.67.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the transaction, the chief executive officer now owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 12.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,751 shares of company stock valued at $1,946,895. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Up 1.2 %

HMN stock opened at $41.43 on Friday. The business’s 50-day moving average price is $37.32 and its 200-day moving average price is $35.16. The stock has a market cap of $1.69 billion, a P/E ratio of 16.51 and a beta of 0.27. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same period in the previous year, the business earned $0.44 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

About Horace Mann Educators

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.