Proficio Capital Partners LLC Makes New $428,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Proficio Capital Partners LLC purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,906 shares of the insurance provider's stock, valued at approximately $428,000.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after acquiring an additional 359,083 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Horace Mann Educators by 13.1% during the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider's stock valued at $18,448,000 after acquiring an additional 54,398 shares in the last quarter. Barclays PLC boosted its holdings in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after acquiring an additional 53,961 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 22,358 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider's stock worth $7,812,000 after buying an additional 21,430 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction that occurred 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 sale, the director now directly owns 16,352 shares of the company's stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at approximately $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,817 shares of company stock valued at $415,140 over the last 90 days. 3.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HMN has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 11th. Piper Sandler boosted their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $43.67.

Horace Mann Educators Stock Performance

Horace Mann Educators stock traded up $0.98 during trading on Friday, hitting $41.96. The stock had a trading volume of 163,594 shares, compared to its average volume of 192,588. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.53. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average is $39.68 and its two-hundred day moving average is $38.53. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 16.92 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating 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%. As a group, analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's dividend payout ratio is currently 56.45%.

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.