Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,407 shares of the insurance provider’s stock after purchasing an additional 2,064 shares during the quarter. Exchange Traded Concepts LLC owned about 0.12% of Horace Mann Educators worth $1,977,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 540 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after purchasing an additional 570 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock worth $1,996,000 after purchasing an additional 581 shares during the period. KBC Group NV grew its stake in Horace Mann Educators by 60.2% in the 3rd 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, The Manufacturers Life Insurance Company grew its stake in Horace Mann Educators by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the insurance provider’s stock valued at $697,000 after acquiring an additional 710 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares in the company, valued at $627,262.72. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,451 shares of company stock worth $819,579 in the last three months. Company insiders own 3.80% of the company’s stock.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $38.02 on Monday. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The stock has a market capitalization of $1.55 billion, a P/E ratio of 15.15 and a beta of 0.31. The firm’s 50-day moving average is $39.74 and its two-hundred day moving average is $37.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts predict that Horace Mann Educators Co. will post 2.56 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. Horace Mann Educators’s payout ratio is currently 54.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HMN. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler increased their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Horace Mann Educators presently has an average 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.