Raymond James & Associates Has $1.52 Million Holdings in Horace Mann Educators Co. (NYSE:HMN)

Raymond James & Associates decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,617 shares of the insurance provider’s stock after selling 1,372 shares during the quarter. Raymond James & Associates’ holdings in Horace Mann Educators were worth $1,524,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Horace Mann Educators by 0.7% in the first quarter. BlackRock Inc. now owns 6,076,433 shares of the insurance provider’s stock valued at $254,178,000 after purchasing an additional 40,134 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Horace Mann Educators by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,033,083 shares of the insurance provider’s stock worth $177,618,000 after acquiring an additional 34,629 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Horace Mann Educators by 43.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,083,838 shares of the insurance provider’s stock worth $119,983,000 after acquiring an additional 1,241,193 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Horace Mann Educators by 11.9% in the first quarter. Bank of America Corp DE now owns 1,756,943 shares of the insurance provider’s stock valued at $58,822,000 after purchasing an additional 186,368 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Horace Mann Educators by 1.9% in the second quarter. State Street Corp now owns 1,553,176 shares of the insurance provider’s stock valued at $59,611,000 after purchasing an additional 28,539 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Trading Up 2.7 %

Shares of HMN stock opened at $35.42 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.45 billion, a P/E ratio of 32.79 and a beta of 0.28. The company has a 50 day moving average of $35.90 and a 200-day moving average of $33.92. Horace Mann Educators Co. has a 12-month low of $27.81 and a 12-month high of $38.29.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.19. The business had revenue of $402.90 million during the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Sell-side analysts anticipate that Horace Mann Educators Co. will post 3.15 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.84%. Horace Mann Educators’s dividend payout ratio is 125.93%.

Insiders Place Their Bets

In other news, General Counsel Donald M. Carley sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total value of $175,550.00. Following the sale, the general counsel now owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the transaction, the chief financial officer now owns 63,922 shares in the company, valued at approximately $2,288,407.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Donald M. Carley sold 5,000 shares of Horace Mann Educators stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total value of $175,550.00. Following the transaction, the general counsel now directly owns 29,627 shares of the company’s stock, valued at approximately $1,040,203.97. The disclosure for this sale can be found here. Insiders sold 74,327 shares of company stock worth $2,728,271 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HMN. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $40.00 in a research report on Monday, January 29th. StockNews.com downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler dropped their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th.

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.