Dynamic Technology Lab Private Ltd Purchases New Stake in Horace Mann Educators Co. (NYSE:HMN)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Horace Mann Educators Co. (NYSE:HMN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,954 shares of the insurance provider’s stock, valued at approximately $652,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Horace Mann Educators in the fourth quarter worth $36,000. Vestmark Advisory Solutions Inc. acquired a new position in Horace Mann Educators during the 4th quarter valued at about $213,000. Envestnet Portfolio Solutions Inc. bought a new position in Horace Mann Educators in the 3rd quarter worth about $208,000. Pathstone Family Office LLC acquired a new stake in shares of Horace Mann Educators in the third quarter valued at approximately $215,000. Finally, Versor Investments LP bought a new stake in shares of Horace Mann Educators during the third quarter valued at approximately $230,000. Institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a “market perform” rating to an “outperform” rating and raised their target price for the company from $33.00 to $40.00 in a research report on Monday, January 29th. Piper Sandler cut their price objective on shares of Horace Mann Educators from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th.

Insider Activity

In related news, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the senior vice president now directly owns 21,674 shares in the company, valued at $780,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at approximately $11,265,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kimberly A. Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at $780,264. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,529 shares of company stock worth $769,293. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Down 1.5 %

HMN opened at $33.64 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $1.38 billion, a PE ratio of 21.56 and a beta of 0.26. The stock’s fifty day moving average is $35.89 and its 200-day moving average is $34.85. Horace Mann Educators Co. has a one year low of $27.81 and a one year high of $39.25.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

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.