JPMorgan Chase & Co. Acquires 54,443 Shares of Horace Mann Educators Co. (NYSE:HMN)

JPMorgan Chase & Co. lifted its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 51.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 159,470 shares of the insurance provider's stock after acquiring an additional 54,443 shares during the period. JPMorgan Chase & Co. owned approximately 0.39% of Horace Mann Educators worth $6,256,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Horace Mann Educators by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider's stock worth $196,339,000 after purchasing an additional 32,586 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Horace Mann Educators in the fourth quarter worth $620,000. American Century Companies Inc. increased its position in shares of Horace Mann Educators by 203.5% in the fourth 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. Teacher Retirement System of Texas increased its position in shares of Horace Mann Educators by 69.2% in the fourth quarter. Teacher Retirement System of Texas now owns 45,822 shares of the insurance provider's stock valued at $1,798,000 after acquiring an additional 18,744 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of Horace Mann Educators by 31.1% in the fourth quarter. Intech Investment Management LLC now owns 29,833 shares of the insurance provider's stock valued at $1,170,000 after acquiring an additional 7,085 shares during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Stock Up 0.6 %

HMN traded up $0.26 during midday trading on Wednesday, reaching $40.56. The company's stock had a trading volume of 20,258 shares, compared to its average volume of 241,195. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.35 and a beta of 0.21. 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 1 year low of $31.81 and a 1 year high of $43.69. The stock's 50-day moving average is $41.20 and its 200-day moving average is $39.86.

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, topping 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%. As a group, research analysts expect that Horace Mann Educators Co. 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. Investors of record on Monday, March 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.45%. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is presently 56.45%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HMN. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of 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.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the sale, the director now 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 SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the transaction, the chief executive officer now directly owns 294,324 shares of the company's stock, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,816 shares of company stock valued at $485,624 over the last 90 days. Company insiders own 3.80% of the company's stock.

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.