Hsbc Holdings PLC Grows Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Hsbc Holdings PLC grew its position in shares of Horace Mann Educators Co. (NYSE:HMNFree Report) by 869.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,527 shares of the insurance provider’s stock after acquiring an additional 73,116 shares during the quarter. Hsbc Holdings PLC owned about 0.20% of Horace Mann Educators worth $2,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospector Partners LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth about $596,000. Franklin Resources Inc. increased its stake in Horace Mann Educators by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock worth $117,001,000 after acquiring an additional 303,501 shares during the last quarter. Quest Partners LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth about $1,043,000. Dynamic Technology Lab Private Ltd acquired a new stake in Horace Mann Educators during the fourth quarter worth about $652,000. Finally, Trillium Asset Management LLC grew its stake in shares of Horace Mann Educators by 5.2% in the fourth quarter. Trillium Asset Management LLC now owns 102,454 shares of the insurance provider’s stock valued at $3,350,000 after buying an additional 5,078 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Up 0.7 %

Shares of HMN opened at $34.25 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 21.96 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $27.81 and a one year high of $39.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50-day moving average price of $35.54 and a 200 day moving average price of $34.95.

Horace Mann Educators (NYSE:HMNGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). The business had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. Sell-side analysts forecast that Horace Mann Educators Co. will post 3.03 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, June 13th. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

Insider Activity at Horace Mann Educators

In related news, General Counsel Donald M. Carley sold 5,000 shares of the stock in a transaction dated 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 transaction, the general counsel now owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the transaction, the chief executive officer now owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Donald M. Carley sold 5,000 shares of the 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 transaction, the general counsel now directly owns 29,627 shares in the company, valued at approximately $1,040,203.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,840 shares of company stock valued at $422,426. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler lowered their target price 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. StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

View Our Latest Analysis on HMN

Horace Mann Educators Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horace Mann Educators Co. (NYSE:HMNFree Report).

Institutional Ownership by Quarter for Horace Mann Educators (NYSE:HMN)

Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.