Charles Schwab Investment Management Inc. Has $22.24 Million Stake in Horace Mann Educators Co. (NYSE:HMN)

Charles Schwab Investment Management Inc. increased its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 566,880 shares of the insurance provider's stock after acquiring an additional 8,570 shares during the period. Charles Schwab Investment Management Inc. owned 1.39% of Horace Mann Educators worth $22,239,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in shares of Horace Mann Educators by 389.9% during the 4th 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in Horace Mann Educators during the 4th quarter valued at approximately $428,000. Oppenheimer Asset Management Inc. boosted its stake in Horace Mann Educators by 2.1% during the 4th 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 period. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 54,398 shares during the period. Finally, WESPAC Advisors LLC boosted its stake in Horace Mann Educators by 4.6% during the 4th quarter. WESPAC Advisors LLC now owns 19,683 shares of the insurance provider's stock valued at $772,000 after purchasing an additional 869 shares during the period. Institutional investors and hedge funds own 99.28% of the company's stock.

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Insider Transactions at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 16,352 shares of the company's stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 294,324 shares of the company's stock, 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. In the last ninety days, insiders sold 10,817 shares of company stock valued at $415,140. Corporate insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on 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 increased their target price on 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 investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $43.67.

Horace Mann Educators Stock Performance

Shares of HMN stock traded down $0.22 during mid-day trading on Friday, reaching $41.12. The stock had a trading volume of 586,717 shares, compared to its average volume of 220,082. The firm's 50 day simple moving average is $40.17 and its 200 day simple moving average is $38.82. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.53. The firm has a market cap of $1.68 billion, a PE ratio of 16.58 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, 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%. On average, analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.35 dividend. The ex-dividend date of this dividend 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 dividend yield of 3.40%. Horace Mann Educators's dividend payout ratio is presently 56.45%.

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.