Brandywine Global Investment Management LLC Invests $3.25 Million in Horace Mann Educators Co. (NYSE:HMN)

Brandywine Global Investment Management LLC bought a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 82,890 shares of the insurance provider's stock, valued at approximately $3,252,000. Brandywine Global Investment Management LLC owned approximately 0.20% of Horace Mann Educators as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Horace Mann Educators by 389.9% during the fourth 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 in the last quarter. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after buying an additional 671 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Horace Mann Educators in the fourth quarter valued at $92,000. KBC Group NV grew its holdings in Horace Mann Educators by 42.3% during the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock valued at $93,000 after purchasing an additional 707 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Horace Mann Educators in the third quarter worth about $209,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the transaction, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. 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 90 days. Company insiders own 3.80% of the company's stock.

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Horace Mann Educators Stock Down 2.5 %

Shares of HMN stock traded down $1.05 during mid-day trading on Monday, hitting $40.38. The stock had a trading volume of 505,253 shares, compared to its average volume of 238,685. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The firm's 50-day moving average is $41.16 and its two-hundred day moving average is $39.50. The firm has a market capitalization of $1.65 billion, a P/E ratio of 16.28 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping 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, analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.35 dividend. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. Horace Mann Educators's payout ratio is 56.45%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HMN. Piper Sandler raised their price target on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of "Hold" and an average target price 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.