Allspring Global Investments Holdings LLC Has $5.28 Million Position in Horace Mann Educators Co. (NYSE:HMN)

Allspring Global Investments Holdings LLC boosted its position in Horace Mann Educators Co. (NYSE:HMN) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,955 shares of the insurance provider’s stock after buying an additional 27,366 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Horace Mann Educators were worth $5,276,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after purchasing an additional 16,292 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Horace Mann Educators by 270.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock worth $728,000 after buying an additional 16,278 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth about $636,000. Cornercap Investment Counsel Inc. bought a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $508,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Horace Mann Educators in the first quarter valued at about $227,000. Institutional investors own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

HMN has been the subject of several recent research reports. Piper Sandler increased their price target on Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Raymond James assumed coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

HMN opened at $37.13 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Co. has a 12-month low of $30.70 and a 12-month high of $39.25. The business has a 50 day moving average of $35.17 and a 200-day moving average of $34.64. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 18.94 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.66%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 69.39%.

Horace Mann Educators 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.