Victory Capital Management Inc. Purchases 305 Shares of Horace Mann Educators Co. (NYSE:HMN)

Victory Capital Management Inc. boosted its position in Horace Mann Educators Co. (NYSE:HMN) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,690 shares of the insurance provider’s stock after acquiring an additional 305 shares during the period. Victory Capital Management Inc.’s holdings in Horace Mann Educators were worth $851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HMN. KBC Group NV boosted its holdings in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Horace Mann Educators by 28.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,683 shares of the insurance provider’s stock worth $933,000 after acquiring an additional 5,953 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Horace Mann Educators by 34.6% in the third quarter. Intech Investment Management LLC now owns 22,748 shares of the insurance provider’s stock worth $795,000 after acquiring an additional 5,851 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after acquiring an additional 6,254 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Horace Mann Educators in the third quarter valued at approximately $560,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Down 0.3 %

HMN stock opened at $41.35 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.69 billion, a PE ratio of 16.67 and a beta of 0.25. The stock’s 50 day moving average is $40.08 and its 200-day moving average is $38.78. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.53.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Sell-side analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, March 17th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 56.45%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares of the company’s stock, valued at $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler raised their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.