Horace Mann Educators Co. (NYSE:HMN) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 498,149 shares of the insurance provider's stock after buying an additional 70,682 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.22% of Horace Mann Educators worth $19,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Horace Mann Educators by 1.4% in the 4th 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 during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Horace Mann Educators by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock valued at $1,996,000 after acquiring an additional 581 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 671 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of 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 valued at $1,261,000 after purchasing an additional 672 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

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Horace Mann Educators Stock Down 1.8 %

NYSE HMN traded down $0.75 during trading hours on Tuesday, hitting $39.67. The company's stock had a trading volume of 409,925 shares, compared to its average volume of 239,853. The company's 50-day simple moving average is $41.20 and its two-hundred day simple moving average is $39.53. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69. The company has a market capitalization of $1.62 billion, a PE ratio of 16.00 and a beta of 0.21. 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 (NYSE:HMN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. Horace Mann Educators's payout ratio is presently 56.45%.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of the company'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 directly owns 294,324 shares of the company's stock, valued at $10,998,887.88. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,816 shares of company stock worth $485,624 over the last three months. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

HMN has been the topic of several analyst reports. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased 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 note on Tuesday, February 11th. Finally, Piper Sandler boosted their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $43.67.

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.