Proficio Capital Partners LLC Purchases New Stake in Horace Mann Educators Co. (NYSE:HMN)

Proficio Capital Partners LLC purchased a new stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,906 shares of the insurance provider's stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Horace Mann Educators by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock valued at $851,000 after buying an additional 305 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Horace Mann Educators by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock worth $1,996,000 after purchasing an additional 581 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares in the last quarter. GAMMA Investing LLC increased its position in Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after purchasing an additional 671 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in Horace Mann Educators by 2.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider's stock worth $1,261,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 99.28% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Piper Sandler upped 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 note on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Horace Mann Educators presently has a consensus rating of "Hold" and an average target price of $43.67.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the sale, the chief executive officer now owns 294,324 shares of the company's stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the company's stock in a transaction dated Monday, January 6th. The stock was 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 in the company, 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 three months, insiders sold 10,817 shares of company stock worth $415,140. Corporate insiders own 3.80% of the company's stock.

Horace Mann Educators Stock Performance

Shares of NYSE HMN traded up $0.59 during midday trading on Thursday, hitting $43.17. 127,001 shares of the company's stock were exchanged, compared to its average volume of 219,473. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.53. The stock's 50 day moving average price is $40.54 and its 200-day moving average price is $39.01. The firm has a market cap of $1.76 billion, a P/E ratio of 17.41 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 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 anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.35 dividend. The ex-dividend date is Monday, March 17th. This is a boost 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 3.24%. Horace Mann Educators's payout ratio is 56.45%.

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.