KLP Kapitalforvaltning AS Invests $620,000 in Horace Mann Educators Co. (NYSE:HMN)

KLP Kapitalforvaltning AS bought a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 15,800 shares of the insurance provider's stock, valued at approximately $620,000.

Several other hedge funds have also recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC lifted its position in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $62,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC acquired a new position in Horace Mann Educators during the fourth quarter worth approximately $92,000. KBC Group NV raised its stake in Horace Mann Educators by 42.3% during the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after purchasing an additional 707 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Horace Mann Educators in the 3rd quarter valued at $209,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,816 shares of company stock worth $485,624 in the last three months. 3.80% of the stock is currently owned by insiders.

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Horace Mann Educators Price Performance

Shares of NYSE:HMN traded down $1.05 during trading hours on Monday, hitting $40.38. 505,253 shares of the company's stock traded hands, compared to its average volume of 238,685. The company's fifty day simple moving average is $41.16 and its two-hundred day simple moving average is $39.50. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 16.28 and a beta of 0.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping 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 analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS 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 of this dividend 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 3.47%. Horace Mann Educators's dividend payout ratio (DPR) is currently 56.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised 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 report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.67.

About Horace Mann Educators

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.