Jackson Creek Investment Advisors LLC Purchases Shares of 38,527 Horace Mann Educators Co. (NYSE:HMN)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 38,527 shares of the insurance provider's stock, valued at approximately $1,511,000. Jackson Creek Investment Advisors LLC owned approximately 0.09% of Horace Mann Educators at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HMN. Franklin Resources Inc. lifted its position in shares of Horace Mann Educators by 13.9% during the third 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 in the last quarter. State Street Corp raised its stake in shares of Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider's stock valued at $57,098,000 after purchasing an additional 20,771 shares during the period. Geode Capital Management LLC lifted 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 worth $33,351,000 after purchasing an additional 22,358 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Horace Mann Educators by 1.5% in the 4th 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 grew its holdings 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 buying an additional 54,398 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

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Horace Mann Educators Price Performance

HMN stock traded up $0.49 during midday trading on Tuesday, reaching $41.24. The company had a trading volume of 201,695 shares, compared to its average volume of 194,043. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.53. The firm has a 50-day moving average price of $39.61 and a 200-day moving average price of $38.47. The company has a market capitalization of $1.69 billion, a P/E ratio of 16.63 and a beta of 0.25. 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 (NYSE:HMN - Get Free Report) last issued its quarterly earnings results 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%. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.35 per share. 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 3.39%. The ex-dividend date of this dividend is Monday, March 17th. Horace Mann Educators's dividend payout ratio (DPR) is presently 56.45%.

Insiders Place Their Bets

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now owns 16,352 shares of the company's stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their price target 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 issued a strong buy rating to the stock. According to 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.