Louisiana State Employees Retirement System Invests $667,000 in Horace Mann Educators Co. (NYSE:HMN)

Louisiana State Employees Retirement System acquired a new position in shares of Horace Mann Educators Co. (NYSE:HMN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,400 shares of the insurance provider’s stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMN. International Assets Investment Management LLC bought a new position in shares of Horace Mann Educators during the 4th quarter worth about $36,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Horace Mann Educators in the 3rd quarter worth about $208,000. Pathstone Family Office LLC acquired a new stake in shares of Horace Mann Educators in the 3rd quarter worth about $215,000. Versor Investments LP acquired a new stake in shares of Horace Mann Educators in the 3rd quarter worth about $230,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Horace Mann Educators in the 3rd quarter worth about $246,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HMN. Piper Sandler lowered their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $40.00 in a report on Monday, January 29th. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Insider Activity

In other news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the chief executive officer now directly owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Bret A. Conklin sold 9,689 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 directly owns 63,922 shares of the company’s stock, valued at approximately $2,288,407.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the chief executive officer now directly owns 280,832 shares of the company’s stock, valued at $10,390,784. The disclosure for this sale can be found here. Insiders sold 24,229 shares of company stock valued at $870,137 in the last three months. Company insiders own 3.20% of the company’s stock.

Horace Mann Educators Trading Down 0.1 %

NYSE:HMN opened at $36.74 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 34.02 and a beta of 0.28. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $38.29. The firm has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $34.30.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The firm had revenue of $402.90 million during the quarter, compared to the consensus estimate of $394.40 million. On average, equities analysts expect that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.34 per share. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

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.