PNC Financial Services Group Inc. Has $320,000 Stock Position in Horace Mann Educators Co. (NYSE:HMN)

PNC Financial Services Group Inc. decreased its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 16.9% during the 4th quarter, Holdings Channel reports. The firm owned 8,153 shares of the insurance provider’s stock after selling 1,654 shares during the period. PNC Financial Services Group Inc.’s holdings in Horace Mann Educators were worth $320,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 671 shares during the last quarter. KBC Group NV boosted its stake in shares of Horace Mann Educators by 60.2% during the 3rd 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 period. Venturi Wealth Management LLC bought a new position in shares of Horace Mann Educators during the 4th quarter worth approximately $92,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Horace Mann Educators during the 4th quarter worth approximately $216,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

HMN opened at $41.12 on Friday. The business has a fifty day simple moving average of $40.17 and a 200 day simple moving average of $38.82. The company has a market capitalization of $1.68 billion, a PE ratio of 16.58 and a beta of 0.25. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.40%. 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. Horace Mann Educators’s dividend payout ratio is presently 56.45%.

Insider Activity

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction 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. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,817 shares of company stock worth $415,140. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several 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. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods lifted 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.67.

About Horace Mann Educators

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.