Horace Mann Educators Co. (NYSE:HMN) Position Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 954,080 shares of the insurance provider's stock after acquiring an additional 22,358 shares during the period. Geode Capital Management LLC owned about 2.34% of Horace Mann Educators worth $33,351,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of Horace Mann Educators by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider's stock valued at $672,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC increased its stake in shares of Horace Mann Educators by 2.2% in the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider's stock valued at $729,000 after purchasing an additional 473 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after buying an additional 540 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider's stock worth $1,029,000 after acquiring an additional 570 shares during the period. Finally, KBC Group NV grew its position in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock valued at $58,000 after purchasing an additional 628 shares during the period. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HMN. Keefe, Bruyette & Woods cut Horace Mann Educators from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler lifted their price target on Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. 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, Horace Mann Educators has an average rating of "Hold" and an average target price of $42.67.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares of the company's stock, valued at $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares of the company's stock, valued at approximately $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,751 shares of company stock valued at $2,114,775. 3.80% of the stock is currently owned by company insiders.

Horace Mann Educators Price Performance

HMN traded up $0.05 during trading on Thursday, reaching $39.75. The company's stock had a trading volume of 90,502 shares, compared to its average volume of 240,246. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $40.06 and a two-hundred day simple moving average of $36.21. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 15.84 and a beta of 0.30. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Horace Mann Educators Co. will post 2.61 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.42%. Horace Mann Educators's dividend payout ratio (DPR) is 54.18%.

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.