Horace Mann Educators Co. (NYSE:HMN) Shares Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC lifted its stake in Horace Mann Educators Co. (NYSE:HMN) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,683 shares of the insurance provider’s stock after purchasing an additional 869 shares during the period. WESPAC Advisors LLC’s holdings in Horace Mann Educators were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. KBC Group NV increased its stake in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 671 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth $92,000. Captrust Financial Advisors acquired a new stake in Horace Mann Educators during the third quarter worth $209,000. Finally, Integrated Investment Consultants LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth $216,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler raised their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.67.

Horace Mann Educators Trading Down 1.9 %

HMN opened at $39.75 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The business has a fifty day simple moving average of $39.24 and a 200-day simple moving average of $37.85. The firm has a market cap of $1.62 billion, a P/E ratio of 16.03 and a beta of 0.31. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

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

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.42%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.84%.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value 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 approximately $12,613,747.74. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators 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 completion of the transaction, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This trade 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 sold 14,817 shares of company stock worth $583,020. Company insiders own 3.80% of the company’s stock.

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.