Illinois Municipal Retirement Fund Increases Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Illinois Municipal Retirement Fund increased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,986 shares of the insurance provider’s stock after buying an additional 1,376 shares during the period. Illinois Municipal Retirement Fund’s holdings in Horace Mann Educators were worth $784,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Horace Mann Educators during the fourth quarter worth about $667,000. WESPAC Advisors LLC purchased a new position in shares of Horace Mann Educators during the 4th quarter valued at approximately $823,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth approximately $320,000. International Assets Investment Management LLC bought a new stake in shares of Horace Mann Educators in the fourth quarter worth $36,000. Finally, Exchange Traded Concepts LLC raised its holdings in Horace Mann Educators by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the sale, the senior vice president now directly owns 21,674 shares of the company’s stock, valued at $780,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of the transaction, the chief executive officer now owns 304,483 shares in the company, valued at approximately $11,265,871. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares in the company, valued at approximately $780,264. The disclosure for this sale can be found here. Insiders sold 24,229 shares of company stock worth $870,137 in the last 90 days. 3.80% of the stock is currently owned by company insiders.

Horace Mann Educators Trading Up 0.3 %

Horace Mann Educators stock opened at $36.85 on Tuesday. Horace Mann Educators Co. has a 1 year low of $27.81 and a 1 year high of $38.29. The firm’s 50-day moving average is $35.83 and its 200-day moving average is $34.34. 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 company has a market cap of $1.51 billion, a P/E ratio of 34.12 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $394.40 million. On average, equities analysts expect that Horace Mann Educators Co. will post 3.15 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.34 dividend. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.69%. Horace Mann Educators’s dividend payout ratio (DPR) is 125.93%.

Analyst Upgrades and Downgrades

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

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.