Principal Financial Group Inc. Increases Stake in Horace Mann Educators Co. (NYSE:HMN)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMN. Bessemer Group Inc. lifted its holdings in shares of Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 483 shares in the last quarter. Quarry LP grew its stake in Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 899 shares during the period. GAMMA Investing LLC boosted its position in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock worth $32,000 after purchasing an additional 540 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $35,000. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the 2nd quarter valued at about $59,000. 99.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HMN has been the topic of several research reports. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and raised their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.67.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now directly owns 19,057 shares of the company's stock, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares in the company, valued at $10,886,592.64. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,751 shares of company stock valued at $1,946,895 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Down 0.2 %

Shares of NYSE HMN traded down $0.09 during trading on Wednesday, reaching $40.38. The company had a trading volume of 150,976 shares, compared to its average volume of 243,440. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The business's 50-day moving average is $36.88 and its 200 day moving average is $35.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.65 billion, a PE ratio of 16.12 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted 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 during 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%. The firm's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, equities analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators's dividend payout ratio is currently 54.18%.

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.