Bank of New York Mellon Corp Raises Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Bank of New York Mellon Corp increased its stake in Horace Mann Educators Co. (NYSE:HMN) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 470,255 shares of the insurance provider’s stock after purchasing an additional 54,398 shares during the quarter. Bank of New York Mellon Corp owned 1.15% of Horace Mann Educators worth $18,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HMN. Principal Financial Group Inc. boosted its stake in shares of Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after acquiring an additional 21,430 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Horace Mann Educators by 5.3% during the 3rd 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 last quarter. KBC Group NV boosted its stake in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Horace Mann Educators by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 163,047 shares of the insurance provider’s stock worth $5,698,000 after acquiring an additional 8,308 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Horace Mann Educators by 28.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,683 shares of the insurance provider’s stock worth $933,000 after acquiring an additional 5,953 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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 in the company, valued at $627,262.72. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the sale, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,817 shares of company stock worth $415,140. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Up 1.2 %

HMN opened at $41.24 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. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 16.63 and a beta of 0.25. The firm’s fifty day moving average is $39.65 and its 200 day moving average is $38.52. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.53.

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 net margin of 6.44% and a return on equity of 10.58%. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.35 dividend. This is an increase 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 3.39%. The ex-dividend date of this dividend is Monday, March 17th. Horace Mann Educators’s payout ratio is currently 56.45%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HMN. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods lifted 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 note on Tuesday, February 11th. Finally, Piper Sandler lifted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note 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, Horace Mann Educators presently has a consensus rating of “Hold” and a consensus price target 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.