Amundi Raises Position in Horace Mann Educators Co. (NYSE:HMN)

Amundi raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 184.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,440 shares of the insurance provider's stock after purchasing an additional 13,255 shares during the quarter. Amundi owned 0.05% of Horace Mann Educators worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jackson Creek Investment Advisors LLC purchased a new position in shares of Horace Mann Educators in the 4th quarter worth $1,511,000. Vestmark Advisory Solutions Inc. grew its stake in shares of Horace Mann Educators by 19.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 11,192 shares of the insurance provider's stock worth $439,000 after buying an additional 1,840 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Horace Mann Educators in the 4th quarter worth $1,121,000. Proficio Capital Partners LLC purchased a new position in shares of Horace Mann Educators in the 4th quarter worth $428,000. Finally, Victory Capital Management Inc. grew its stake in shares of Horace Mann Educators by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock worth $851,000 after buying an additional 305 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Trading Down 0.5 %

Shares of NYSE:HMN traded down $0.22 on Friday, hitting $41.12. 586,717 shares of the company's stock were exchanged, compared to its average volume of 220,465. The business's 50 day simple moving average is $40.17 and its two-hundred day simple moving average is $38.84. 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 has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.58 and a beta of 0.25. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.53.

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Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share 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%. Analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 3.40%. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's dividend payout ratio is 56.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. 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 report on Tuesday, February 11th. Finally, Piper Sandler raised their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.67.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the transaction, the chief executive officer now owns 294,324 shares of the company's stock, valued at approximately $10,998,887.88. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the transaction, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,817 shares of company stock worth $415,140 in the last ninety days. 3.80% of the stock is owned by company 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.