Ieq Capital LLC Raises Stake in Horace Mann Educators Co. (NYSE:HMN)

Ieq Capital LLC grew its position in Horace Mann Educators Co. (NYSE:HMN) by 71.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,291 shares of the insurance provider’s stock after buying an additional 8,034 shares during the period. Ieq Capital LLC’s holdings in Horace Mann Educators were worth $757,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. raised its holdings in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after buying an additional 359,083 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 acquiring an additional 21,430 shares during the period. Barclays PLC grew its stake in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 53,961 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 during the period. Finally, Geode Capital Management LLC grew its stake in shares of Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after acquiring an additional 22,358 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the chief executive officer now directly owns 300,542 shares in the company, valued at $12,613,747.74. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,817 shares of company stock valued at $583,020 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $40.74 on Wednesday. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.43 and a beta of 0.31. The firm has a 50 day moving average of $39.23 and a 200 day moving average of $37.97.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, research analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.34%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.84%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HMN. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler boosted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.67.

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.