Wells Fargo & Company MN Sells 14,418 Shares of Horace Mann Educators Co. (NYSE:HMN)

Wells Fargo & Company MN reduced its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,061 shares of the insurance provider's stock after selling 14,418 shares during the period. Wells Fargo & Company MN owned approximately 0.29% of Horace Mann Educators worth $4,710,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after buying an additional 53,961 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock valued at $33,351,000 after purchasing an additional 22,358 shares during the period. Franklin Resources Inc. increased its position in shares of Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock valued at $104,194,000 after purchasing an additional 359,083 shares during the period. Principal Financial Group Inc. raised its stake in shares of Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider's stock valued at $7,812,000 after purchasing an additional 21,430 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Horace Mann Educators by 72.9% in the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after purchasing an additional 671 shares during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.40 on Thursday, hitting $40.76. 72,399 shares of the company were exchanged, compared to its average volume of 241,394. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The firm has a 50 day moving average of $41.18 and a two-hundred day moving average of $39.87. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.67 billion, a P/E ratio of 16.44 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results 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 net margin of 6.44% and a return on equity of 10.58%. On average, equities analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.35 per share. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.43%. Horace Mann Educators's payout ratio is currently 56.45%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Piper Sandler boosted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Tuesday, February 11th.

Insider Buying and Selling

In other news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction 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. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the sale, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,816 shares of company stock valued at $485,624 over the last ninety days. Insiders own 3.80% of the company's stock.

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.