Vanguard Group Inc. Grows Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Vanguard Group Inc. raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,004,806 shares of the insurance provider's stock after purchasing an additional 32,586 shares during the quarter. Vanguard Group Inc. owned approximately 12.28% of Horace Mann Educators worth $196,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC lifted its stake in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after buying an additional 620 shares in the last quarter. GAMMA Investing LLC raised its holdings in Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Horace Mann Educators during the fourth quarter worth $92,000. KBC Group NV boosted its holdings in shares of Horace Mann Educators by 42.3% in the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after acquiring an additional 707 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Horace Mann Educators in the fourth quarter valued at $216,000. Institutional investors own 99.28% of the company's stock.

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Horace Mann Educators Price Performance

Horace Mann Educators stock traded down $0.52 during midday trading on Friday, hitting $39.37. 246,771 shares of the company's stock were exchanged, compared to its average volume of 242,410. The company has a market cap of $1.61 billion, a P/E ratio of 15.87 and a beta of 0.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock has a 50-day moving average price of $41.32 and a two-hundred day moving average price of $39.63. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.69.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.35 dividend. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.56%. Horace Mann Educators's dividend payout ratio is presently 56.45%.

Insider Transactions at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the business's 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 sale, the director now owns 13,643 shares of the company's stock, valued at $584,738.98. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,816 shares of company stock valued at $485,624. Insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HMN shares. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. Finally, Piper Sandler boosted their price objective 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.67.

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.