Horace Mann Educators Co. (NYSE:HMN) Stock Position Increased by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 203.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,964 shares of the insurance provider's stock after acquiring an additional 221,233 shares during the period. American Century Companies Inc. owned about 0.81% of Horace Mann Educators worth $12,944,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Horace Mann Educators by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider's stock worth $19,513,000 after purchasing an additional 6,254 shares during the last quarter. Quantbot Technologies LP purchased a new position in Horace Mann Educators during the 3rd quarter valued at about $560,000. FMR LLC increased its holdings in Horace Mann Educators by 49.7% during the 3rd quarter. FMR LLC now owns 8,525 shares of the insurance provider's stock valued at $298,000 after acquiring an additional 2,830 shares in the last quarter. Captrust Financial Advisors acquired a new position in Horace Mann Educators during the third quarter worth about $209,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Horace Mann Educators in the third quarter valued at about $430,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 4,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares of the company's stock, valued at $584,738.98. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,633 shares of company stock worth $593,684 over the last quarter. 3.80% of the stock is owned by corporate insiders.

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Horace Mann Educators Trading Down 3.7 %

Horace Mann Educators stock traded down $1.59 during trading on Friday, hitting $41.48. The company's stock had a trading volume of 731,113 shares, compared to its average volume of 202,342. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The stock's fifty day moving average is $41.06 and its 200 day moving average is $39.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results 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%. As a group, equities research analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.35 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.38%. Horace Mann Educators's dividend payout ratio (DPR) is 56.45%.

Analysts Set New Price Targets

A number of equities research analysts have commented on HMN shares. Piper Sandler increased their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Tuesday, February 11th. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Horace Mann Educators has an average rating of "Hold" and an average target price of $43.67.

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.