Trexquant Investment LP Invests $734,000 in Horace Mann Educators Co. (NYSE:HMN)

Trexquant Investment LP bought a new position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,706 shares of the insurance provider's stock, valued at approximately $734,000.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Horace Mann Educators by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock worth $135,890,000 after buying an additional 521,437 shares in the last quarter. American Century Companies Inc. increased its stake in Horace Mann Educators by 203.5% in the fourth quarter. American Century Companies Inc. now owns 329,964 shares of the insurance provider's stock valued at $12,944,000 after acquiring an additional 221,233 shares during the last quarter. Norges Bank bought a new position in Horace Mann Educators in the fourth quarter valued at approximately $4,209,000. Brandywine Global Investment Management LLC acquired a new position in Horace Mann Educators during the fourth quarter valued at approximately $3,252,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Horace Mann Educators by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider's stock worth $19,542,000 after purchasing an additional 70,682 shares during the last quarter. Institutional investors own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the sale, the chief executive officer now owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,816 shares of company stock worth $485,624 over the last three months. Company insiders own 3.80% of the company's stock.

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Horace Mann Educators Price Performance

HMN traded up $0.20 on Tuesday, reaching $40.71. The stock had a trading volume of 176,747 shares, compared to its average volume of 241,926. The firm has a 50-day moving average of $41.35 and a 200-day moving average of $39.70. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.69. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.42 and a beta of 0.21. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.44% and a return on equity of 10.58%. As a group, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.35 dividend. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. Horace Mann Educators's payout ratio is currently 56.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HMN shares. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. Finally, Piper Sandler raised their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Four investment 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 presently has an average rating of "Hold" and an average target price of $43.67.

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.