Principal Financial Group Inc. Has $7.81 Million Holdings in Horace Mann Educators Co. (NYSE:HMN)

Principal Financial Group Inc. lifted its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,512 shares of the insurance provider’s stock after acquiring an additional 21,430 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of Horace Mann Educators worth $7,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after purchasing an additional 359,083 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Horace Mann Educators in the 2nd quarter valued at approximately $636,000. Barclays PLC boosted its position in Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after buying an additional 53,961 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Horace Mann Educators by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after acquiring an additional 6,254 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Horace Mann Educators by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after acquiring an additional 22,358 shares during the period. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.2 %

Shares of NYSE:HMN opened at $39.23 on Wednesday. The business’s 50-day moving average is $40.15 and its 200-day moving average is $36.32. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.63 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Equities research analysts predict that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now directly owns 19,057 shares in the company, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,751 shares of company stock worth $2,114,775. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

HMN has been the topic of several analyst reports. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler upped their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.67.

Horace Mann Educators Company 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.