Horace Mann Educators Co. (NYSE:HMN) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,291 shares of the insurance provider's stock after purchasing an additional 8,034 shares during the quarter. Ieq Capital LLC's holdings in Horace Mann Educators were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HMN. Nisa Investment Advisors LLC lifted its position in Horace Mann Educators by 2.0% in the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider's stock worth $1,029,000 after buying an additional 570 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Horace Mann Educators by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock worth $1,996,000 after buying an additional 581 shares during the last quarter. KBC Group NV lifted its position in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after buying an additional 628 shares during the last quarter. GAMMA Investing LLC lifted its position in Horace Mann Educators by 72.9% in the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after buying an additional 671 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Horace Mann Educators by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 50,407 shares of the insurance provider's stock worth $1,977,000 after buying an additional 2,064 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on HMN. Piper Sandler raised their price target on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $43.67.

Horace Mann Educators Trading Up 2.4 %

Shares of NYSE:HMN traded up $1.00 on Friday, hitting $42.43. 241,554 shares of the company's stock were exchanged, compared to its average volume of 187,491. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.11 and a beta of 0.31. The business's 50 day simple moving average is $39.35 and its two-hundred day simple moving average is $38.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results 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 return on equity of 10.58% and a net margin of 6.44%. Analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. Horace Mann Educators's payout ratio is currently 54.84%.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now owns 16,352 shares of the company's stock, valued at $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 sold 14,817 shares of company stock worth $583,020 over the last three months. 3.80% of the stock is owned by corporate 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.