Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,822 shares of the insurance provider's stock after acquiring an additional 18,744 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Horace Mann Educators worth $1,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after buying an additional 359,083 shares during the last quarter. Principal Financial Group Inc. raised its position in Horace Mann Educators by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock worth $9,208,000 after acquiring an additional 11,205 shares during the period. Barclays PLC boosted its stake 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 worth $2,446,000 after acquiring an additional 53,961 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Horace Mann Educators by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider's stock valued at $19,513,000 after acquiring an additional 6,254 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of 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 valued at $33,351,000 after acquiring an additional 22,358 shares during the period. Hedge funds and other institutional investors own 99.28% of the company's stock.

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Horace Mann Educators Trading Down 0.0 %

Shares of HMN traded down $0.01 during midday trading on Monday, hitting $42.63. The stock had a trading volume of 4,473 shares, compared to its average volume of 234,004. The stock's 50 day moving average is $40.63 and its 200 day moving average is $39.15. The firm has a market cap of $1.74 billion, a PE ratio of 17.19 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.53.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is currently 56.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler upped their target price 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $43.67.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the completion of the sale, the chief executive officer now owns 298,324 shares of the company's stock, valued at $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm's 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 transaction, the director now directly owns 16,352 shares of the company's stock, valued at $627,262.72. This represents a 14.70 % 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 in the last ninety days. Company insiders own 3.80% of the company's stock.

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.