Amundi Purchases 13,255 Shares of Horace Mann Educators Co. (NYSE:HMN)

Amundi increased its position in Horace Mann Educators Co. (NYSE:HMN) by 184.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,440 shares of the insurance provider’s stock after acquiring an additional 13,255 shares during the quarter. Amundi’s holdings in Horace Mann Educators were worth $772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 620 shares during the period. KBC Group NV lifted its stake in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after buying an additional 628 shares during the period. GAMMA Investing LLC grew its position 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 buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators during the fourth quarter valued at about $92,000. Finally, Captrust Financial Advisors acquired a new position in Horace Mann Educators in the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Down 0.2 %

Shares of NYSE:HMN opened at $41.49 on Thursday. The company has a market capitalization of $1.70 billion, a PE ratio of 16.73 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The company’s fifty day moving average is $40.01 and its 200-day moving average is $38.76. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.53.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping 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%. Equities research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.35 dividend. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 3.37%. Horace Mann Educators’s payout ratio is presently 56.45%.

Insiders Place Their Bets

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction dated 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on 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. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.