State Street Corp Acquires 20,771 Shares of Horace Mann Educators Co. (NYSE:HMN)

State Street Corp grew its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,633,717 shares of the insurance provider's stock after acquiring an additional 20,771 shares during the period. State Street Corp owned 4.01% of Horace Mann Educators worth $57,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HMN. HighTower Advisors LLC raised its holdings in Horace Mann Educators by 67.2% in the 3rd quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider's stock valued at $501,000 after acquiring an additional 5,704 shares in the last quarter. ClearAlpha Technologies LP bought a new stake in Horace Mann Educators during the third quarter worth about $267,000. Verition Fund Management LLC acquired a new stake in Horace Mann Educators during the third quarter worth about $430,000. Captrust Financial Advisors bought a new position in Horace Mann Educators in the 3rd quarter valued at about $209,000. Finally, Martingale Asset Management L P lifted its holdings in shares of Horace Mann Educators by 9.2% during the 3rd quarter. Martingale Asset Management L P now owns 48,054 shares of the insurance provider's stock worth $1,679,000 after acquiring an additional 4,043 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares in the company, valued at $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the transaction, the chief executive officer now owns 294,402 shares of the company's stock, valued at approximately $10,910,538.12. This trade represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,751 shares of company stock valued at $2,114,775. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HMN shares. Piper Sandler boosted their price target on Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Horace Mann Educators has an average rating of "Hold" and a consensus target price of $42.67.

Horace Mann Educators Stock Up 0.8 %

Shares of NYSE:HMN traded up $0.33 during mid-day trading on Thursday, hitting $39.43. 205,244 shares of the company traded hands, compared to its average volume of 240,761. The stock has a 50-day moving average price of $39.70 and a two-hundred day moving average price of $36.02. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The stock has a market cap of $1.61 billion, a P/E ratio of 15.71 and a beta of 0.30. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

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, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, equities research analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Monday, December 16th. Horace Mann Educators's dividend payout ratio is presently 54.18%.

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.