Intech Investment Management LLC Has $1.17 Million Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Intech Investment Management LLC lifted its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,833 shares of the insurance provider's stock after buying an additional 7,085 shares during the period. Intech Investment Management LLC owned about 0.07% of Horace Mann Educators worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. KBC Group NV grew its stake in Horace Mann Educators by 60.2% during 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 increased its holdings in shares of Horace Mann Educators by 72.9% during 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 in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Horace Mann Educators in the fourth quarter valued at approximately $92,000. Finally, Captrust Financial Advisors acquired a new position in shares of Horace Mann Educators in the 3rd quarter worth approximately $209,000. Institutional investors own 99.28% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Piper Sandler boosted 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 note on Friday, February 7th. Finally, Keefe, Bruyette & Woods increased 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 note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $43.67.

Horace Mann Educators Trading Up 0.9 %

NYSE HMN traded up $0.40 during trading hours on Wednesday, hitting $42.60. The company's stock had a trading volume of 140,764 shares, compared to its average volume of 220,091. The stock has a fifty day moving average of $40.36 and a 200 day moving average of $38.96. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.53. The firm has a market capitalization of $1.74 billion, a P/E ratio of 17.18 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 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%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.35 dividend. The ex-dividend date is 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 3.29%. Horace Mann Educators's dividend payout ratio (DPR) is 56.45%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now owns 16,352 shares of the company's stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the sale, the chief executive officer now directly owns 298,324 shares of the company's stock, valued at $11,753,965.60. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,817 shares of company stock valued at $415,140 over the last three months. 3.80% of the stock is currently owned by corporate insiders.

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.