Jump Financial LLC Makes New $863,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Jump Financial LLC purchased a new position in Horace Mann Educators Co. (NYSE:HMN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,387 shares of the insurance provider’s stock, valued at approximately $863,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Teacher Retirement System of Texas increased its position in Horace Mann Educators by 97.7% in the fourth quarter. Teacher Retirement System of Texas now owns 18,242 shares of the insurance provider’s stock worth $597,000 after buying an additional 9,014 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Horace Mann Educators by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after acquiring an additional 20,706 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of Horace Mann Educators in the fourth quarter worth about $213,000. Natixis Advisors L.P. boosted its stake in shares of Horace Mann Educators by 5.5% in the fourth quarter. Natixis Advisors L.P. now owns 20,914 shares of the insurance provider’s stock worth $683,000 after acquiring an additional 1,096 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Horace Mann Educators by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,474 shares of the insurance provider’s stock worth $310,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

Shares of Horace Mann Educators stock opened at $34.85 on Friday. The stock has a 50 day moving average of $35.97 and a 200 day moving average of $34.82. Horace Mann Educators Co. has a 12 month low of $27.81 and a 12 month high of $39.25. The firm has a market cap of $1.43 billion, a PE ratio of 22.34 and a beta of 0.26. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.90%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Insider Activity

In other news, CFO Bret A. Conklin sold 9,689 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Donald M. Carley sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the completion of the sale, the general counsel now directly owns 29,627 shares of the company’s stock, valued at approximately $1,040,203.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief financial officer now directly owns 63,922 shares of the company’s stock, valued at $2,288,407.60. The disclosure for this sale can be found here. Insiders sold 21,529 shares of company stock valued at $770,237 in the last ninety days. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HMN. TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods raised 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 note on Monday, January 29th. Piper Sandler dropped their price target on Horace Mann Educators from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Finally, StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research note 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.