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

Exchange Traded Concepts LLC raised its position in Horace Mann Educators Co. (NYSE:HMN) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,407 shares of the insurance provider’s stock after acquiring an additional 2,064 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Horace Mann Educators were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Integrated Investment Consultants LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth approximately $216,000. Harbor Capital Advisors Inc. grew its position in shares of Horace Mann Educators by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock worth $1,996,000 after buying an additional 581 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after buying an additional 671 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Horace Mann Educators by 10.6% during the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after buying an additional 21,430 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Horace Mann Educators by 13.9% during 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 in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now owns 16,352 shares in the company, valued at approximately $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 have sold 20,451 shares of company stock worth $819,579. 3.80% of the stock is owned by insiders.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $38.02 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $1.55 billion, a PE ratio of 15.15 and a beta of 0.31. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $37.04.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is 54.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four 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 a consensus rating of “Hold” and an average target price 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.