Empowered Funds LLC Has $6.72 Million Holdings in Horace Mann Educators Co. (NYSE:HMN)

Empowered Funds LLC increased its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,378 shares of the insurance provider's stock after purchasing an additional 8,331 shares during the period. Empowered Funds LLC owned 0.42% of Horace Mann Educators worth $6,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMN. Franklin Resources Inc. raised its holdings 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 worth $104,194,000 after purchasing an additional 359,083 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider's stock worth $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Barclays PLC raised its holdings in Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after purchasing an additional 53,961 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Horace Mann Educators by 160.3% during the third quarter. Exchange Traded Concepts LLC now owns 48,343 shares of the insurance provider's stock worth $1,690,000 after purchasing an additional 29,774 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Horace Mann Educators by 125.5% during the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider's stock worth $1,758,000 after purchasing an additional 27,987 shares in the last quarter. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Horace Mann Educators stock traded down $0.22 during mid-day trading on Friday, hitting $41.03. The company's stock had a trading volume of 247,149 shares, compared to its average volume of 185,985. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.55 and a beta of 0.31. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The stock's fifty day moving average price is $39.32 and its two-hundred day moving average price is $37.58.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Research analysts forecast that Horace Mann Educators Co. will post 3.82 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.31%. The ex-dividend date was Monday, December 16th. Horace Mann Educators's payout ratio is 54.84%.

Insiders Place Their Bets

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business's stock in a transaction 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 $627,262.72. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 4,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, the chief executive officer now owns 298,324 shares in the company, valued at approximately $11,753,965.60. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,817 shares of company stock worth $583,020. Corporate insiders own 3.80% of the company's stock.

Analyst Ratings Changes

HMN has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $43.67.

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.