Fmr LLC Increases Holdings in Horace Mann Educators Co. (NYSE:HMN)

Fmr LLC boosted its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 49.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,525 shares of the insurance provider’s stock after purchasing an additional 2,830 shares during the quarter. Fmr LLC’s holdings in Horace Mann Educators were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Horace Mann Educators by 10.6% during the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after buying an additional 21,430 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at about $636,000. Charles Schwab Investment Management Inc. lifted its position in shares of Horace Mann Educators by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after purchasing an additional 6,254 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter worth approximately $508,000. Finally, Hantz Financial Services Inc. purchased a new position in Horace Mann Educators during the second quarter valued at approximately $2,037,000. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Up 0.3 %

NYSE HMN opened at $39.54 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The company has a 50 day moving average price of $39.70 and a 200 day moving average price of $36.02. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.61 billion, a PE ratio of 15.75 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating 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 return on equity of 8.14% and a net margin of 6.55%. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.44%. Horace Mann Educators’s payout ratio is 54.18%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at approximately $10,910,538.12. The trade was a 12.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,751 shares of company stock worth $2,114,775. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler upped their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. 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 an average rating of “Hold” and an average target price of $42.67.

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.