Principal Financial Group Inc. Purchases 21,430 Shares of Horace Mann Educators Co. (NYSE:HMN)

Principal Financial Group Inc. raised its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,512 shares of the insurance provider's stock after purchasing an additional 21,430 shares during the quarter. Principal Financial Group Inc. owned 0.55% of Horace Mann Educators worth $7,812,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock worth $31,000 after purchasing an additional 899 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after buying an additional 540 shares during the last quarter. KBC Group NV grew its position in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock valued at $58,000 after buying an additional 628 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $59,000. Finally, Point72 DIFC Ltd raised its position in shares of Horace Mann Educators by 22.2% during the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider's stock worth $149,000 after acquiring an additional 829 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HMN shares. Keefe, Bruyette & Woods cut Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their target price for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler increased their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $42.67.

Horace Mann Educators Trading Up 0.2 %

HMN traded up $0.07 during trading on Wednesday, hitting $39.23. The company's stock had a trading volume of 105,493 shares, compared to its average volume of 200,202. The firm has a market capitalization of $1.60 billion, a P/E ratio of 15.63 and a beta of 0.30. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The stock's fifty day moving average price is $40.21 and its 200-day moving average price is $36.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Analysts anticipate that Horace Mann Educators Co. will post 2.58 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Monday, December 16th. Horace Mann Educators's payout ratio is 54.18%.

Insider Buying and Selling

In related news, Director Beverley J. Mcclure sold 5,634 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now owns 19,057 shares of the company's stock, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the sale, the chief executive officer now directly owns 300,542 shares of the company's stock, valued at $12,613,747.74. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,751 shares of company stock valued at $2,114,775. 3.80% of the stock is owned by company 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.