Geode Capital Management LLC Acquires 22,358 Shares of Horace Mann Educators Co. (NYSE:HMN)

Geode Capital Management LLC grew its holdings in Horace Mann Educators Co. (NYSE:HMN) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 954,080 shares of the insurance provider’s stock after buying an additional 22,358 shares during the quarter. Geode Capital Management LLC’s holdings in Horace Mann Educators were worth $33,351,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in 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 worth $7,812,000 after buying an additional 21,430 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Horace Mann Educators in the 2nd quarter worth $636,000. Charles Schwab Investment Management Inc. lifted its stake 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 worth $19,513,000 after purchasing an additional 6,254 shares during the last quarter. State Street Corp boosted its position in Horace Mann Educators by 1.3% during the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after purchasing an additional 20,771 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Horace Mann Educators in the second quarter valued at about $508,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Activity

In related news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction 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. The trade was a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,751 shares of company stock valued at $2,114,775. Company insiders own 3.80% of the company’s stock.

Horace Mann Educators Price Performance

Shares of HMN stock opened at $39.70 on Thursday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.82 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s 50-day simple moving average is $40.01 and its 200-day simple moving average is $36.18. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same quarter in the prior year, the business posted $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 3.43%. Horace Mann Educators’s payout ratio is presently 54.18%.

Analyst Upgrades and Downgrades

Several research firms have commented on HMN. Piper Sandler increased their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.67.

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.