Dynamic Technology Lab Private Ltd Takes $437,000 Position in Horace Mann Educators Co. (NYSE:HMN)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,140 shares of the insurance provider's stock, valued at approximately $437,000.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after purchasing an additional 359,083 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Horace Mann Educators by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock valued at $9,208,000 after acquiring an additional 11,205 shares during the period. Barclays PLC boosted its position in Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after purchasing an additional 53,961 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 valued at $33,351,000 after purchasing an additional 22,358 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider's stock worth $57,098,000 after purchasing an additional 20,771 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

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Horace Mann Educators Price Performance

Shares of HMN stock traded up $0.82 during mid-day trading on Monday, hitting $40.20. The company had a trading volume of 14,148 shares, compared to its average volume of 241,493. 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 stock's 50 day moving average price is $41.32 and its 200-day moving average price is $39.66. 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 $1.65 billion, a P/E ratio of 16.21 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results 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%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.48%. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. Horace Mann Educators's dividend payout ratio (DPR) is 56.45%.

Analysts Set New Price Targets

HMN has been the topic of several recent research reports. 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 research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four 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.com, the company presently has an average rating of "Hold" and a consensus price target of $43.67.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the transaction, the director now directly owns 13,643 shares of the company's stock, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total transaction 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 $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,816 shares of company stock worth $485,624 over the last three months. 3.80% of the stock is owned by corporate insiders.

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.