Short Interest in Horace Mann Educators Co. (NYSE:HMN) Decreases By 16.1%

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 484,800 shares, a decrease of 16.1% from the March 15th total of 577,700 shares. Based on an average daily volume of 217,600 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.2% of the company's stock are short sold.

Insider Transactions at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,816 shares of the business'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 directly owns 13,643 shares in the company, 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 this link. Also, 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 transaction of $215,450.00. Following the completion of the sale, the chief executive officer now owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,816 shares of company stock valued at $485,624 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after acquiring an additional 53,961 shares during the last quarter. Geode Capital Management LLC raised its position in Horace Mann Educators by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock worth $33,351,000 after purchasing an additional 22,358 shares during the period. Franklin Resources Inc. boosted its position in Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock valued at $104,194,000 after buying an additional 359,083 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider's stock worth $7,812,000 after buying an additional 21,430 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Horace Mann Educators by 72.9% in the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 671 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HMN has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 11th. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler increased their target price 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.

Horace Mann Educators Price Performance

Shares of Horace Mann Educators stock traded down $0.93 on Friday, reaching $39.76. The stock had a trading volume of 9,051 shares, compared to its average volume of 241,039. Horace Mann Educators has a 1 year low of $31.81 and a 1 year high of $43.69. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.63 billion, a P/E ratio of 16.05 and a beta of 0.21. The business's 50 day moving average is $41.18 and its two-hundred day moving average is $39.91.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly 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 return on equity of 10.58% and a net margin of 6.44%. As a group, research analysts anticipate that Horace Mann Educators will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.35 dividend. 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 3.52%. The ex-dividend date was Monday, March 17th. 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.