Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by State Street Corp

State Street Corp boosted its stake in Horace Mann Educators Co. (NYSE:HMN) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,633,717 shares of the insurance provider’s stock after acquiring an additional 20,771 shares during the quarter. State Street Corp’s holdings in Horace Mann Educators were worth $57,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMN. Quarry LP increased its stake in shares of Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares in the last quarter. GAMMA Investing LLC increased its stake in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Horace Mann Educators during the 2nd quarter worth approximately $35,000. KBC Group NV raised its holdings in shares of Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Horace Mann Educators in the second quarter valued at approximately $59,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction dated Monday, November 11th. The stock was 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 of the company’s stock, valued at $801,918.56. The trade was a 22.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marita Zuraitis sold 42,117 shares of the 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 sale, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This represents a 12.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,751 shares of company stock valued at $2,114,775 over the last quarter. 3.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Horace Mann Educators Price Performance

HMN stock opened at $39.10 on Thursday. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26. 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 stock has a market cap of $1.59 billion, a price-to-earnings ratio of 15.58 and a beta of 0.30. The business has a fifty day moving average of $39.60 and a two-hundred day moving average of $35.99.

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

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.34 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.48%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

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.