Invesco Ltd. Sells 47,462 Shares of Horace Mann Educators Co. (NYSE:HMN)

Invesco Ltd. reduced its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 602,037 shares of the insurance provider's stock after selling 47,462 shares during the quarter. Invesco Ltd. owned 1.48% of Horace Mann Educators worth $23,618,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Horace Mann Educators by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider's stock valued at $196,339,000 after acquiring an additional 32,586 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Horace Mann Educators by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock valued at $135,890,000 after buying an additional 521,437 shares during the period. Geode Capital Management LLC grew its stake in shares of Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock worth $33,351,000 after purchasing an additional 22,358 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Horace Mann Educators by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock worth $22,239,000 after acquiring an additional 8,570 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Horace Mann Educators by 16.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider's stock valued at $19,542,000 after purchasing an additional 70,682 shares in the last quarter. Institutional investors own 99.28% of the company's stock.

Insider Activity

In related news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now owns 13,643 shares of the company's stock, valued at $584,738.98. The trade was a 17.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Monday, February 3rd. The shares were 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 owns 294,324 shares of the company's stock, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,816 shares of company stock worth $485,624 over the last 90 days. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on HMN. Piper Sandler upped their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th.

Horace Mann Educators Trading Down 0.2 %

HMN stock traded down $0.07 during midday trading on Wednesday, hitting $40.23. The stock had a trading volume of 106,438 shares, compared to its average volume of 241,555. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The company's 50-day moving average price is $41.20 and its 200 day moving average price is $39.86. The firm has a market cap of $1.65 billion, a PE ratio of 16.22 and a beta of 0.21. 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 posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) 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%. On average, equities research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.35 per share. 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 dividend yield of 3.48%. Horace Mann Educators's dividend payout ratio (DPR) is currently 56.45%.

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.