Principal Financial Group Inc. Acquires 11,205 Shares of Horace Mann Educators Co. (NYSE:HMN)

Principal Financial Group Inc. boosted its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 234,717 shares of the insurance provider's stock after acquiring an additional 11,205 shares during the period. Principal Financial Group Inc. owned 0.58% of Horace Mann Educators worth $9,208,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HMN. KBC Group NV increased its stake in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after acquiring an additional 628 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 671 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Horace Mann Educators in the third quarter valued at approximately $209,000. Integrated Investment Consultants LLC bought a new stake in Horace Mann Educators during the fourth quarter valued at approximately $216,000. Finally, ClearAlpha Technologies LP purchased a new position in Horace Mann Educators in the 3rd quarter worth approximately $267,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators 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. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction 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. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,817 shares of company stock worth $415,140. Corporate insiders own 3.80% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, 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 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. According to MarketBeat.com, Horace Mann Educators presently has an average rating of "Hold" and a consensus price target of $43.67.

Horace Mann Educators Stock Down 1.3 %

Shares of NYSE:HMN traded down $0.57 during trading on Tuesday, reaching $42.11. 66,952 shares of the stock traded hands, compared to its average volume of 185,257. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock has a market cap of $1.72 billion, a P/E ratio of 16.98 and a beta of 0.31. The stock has a 50-day moving average of $39.42 and a two-hundred day moving average of $38.21. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.53.

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 (EPS) 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%. As a group, sell-side analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.35 dividend. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.32%. Horace Mann Educators's dividend payout ratio (DPR) is presently 54.84%.

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.