Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,463,931 shares of the insurance provider's stock after purchasing an additional 521,437 shares during the quarter. Franklin Resources Inc. owned about 8.50% of Horace Mann Educators worth $135,890,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HMN. American Century Companies Inc. increased its position in Horace Mann Educators by 203.5% in the 4th quarter. American Century Companies Inc. now owns 329,964 shares of the insurance provider's stock valued at $12,944,000 after acquiring an additional 221,233 shares during the period. Norges Bank purchased a new stake in shares of Horace Mann Educators during the fourth quarter worth approximately $4,209,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth $3,252,000. Arrowstreet Capital Limited Partnership grew its position in Horace Mann Educators by 16.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider's stock valued at $19,542,000 after buying an additional 70,682 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Horace Mann Educators by 51.8% in the 4th quarter. JPMorgan Chase & Co. now owns 159,470 shares of the insurance provider's stock valued at $6,256,000 after buying an additional 54,443 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total value of $215,450.00. Following the sale, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. This represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $120,693.76. Following the transaction, the director now owns 13,643 shares of the company's stock, valued at $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,816 shares of company stock valued at $485,624. Insiders own 3.80% of the company's stock.

Horace Mann Educators Price Performance

Shares of HMN traded down $0.24 during trading hours on Monday, reaching $41.19. The company had a trading volume of 102,565 shares, compared to its average volume of 237,115. 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 Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The firm has a 50 day simple moving average of $41.13 and a 200-day simple moving average of $39.46. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.60 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.40%. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators's payout ratio is presently 56.45%.

Analysts Set New Price Targets

Several research firms have recently commented on HMN. Keefe, Bruyette & Woods raised their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average 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.