Geode Capital Management LLC Acquires 1,826 Shares of Horace Mann Educators Co. (NYSE:HMN)

Geode Capital Management LLC increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 955,906 shares of the insurance provider’s stock after buying an additional 1,826 shares during the period. Geode Capital Management LLC owned 2.35% of Horace Mann Educators worth $37,509,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC increased its stake in Horace Mann Educators by 49.7% in the third quarter. FMR LLC now owns 8,525 shares of the insurance provider’s stock valued at $298,000 after purchasing an additional 2,830 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Horace Mann Educators in the 3rd quarter valued at $209,000. HighTower Advisors LLC increased its position in shares of Horace Mann Educators by 67.2% in the 3rd quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider’s stock valued at $501,000 after buying an additional 5,704 shares in the last quarter. State Street Corp increased its position in shares of Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after buying an additional 20,771 shares in the last quarter. Finally, Barclays PLC raised its stake 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. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler increased their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.67.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now owns 294,324 shares in the company, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares in the company, valued at $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,816 shares of company stock worth $485,624 in the last ninety days. 3.80% of the stock is owned by insiders.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $40.71 on Wednesday. The stock’s 50-day moving average is $41.35 and its 200-day moving average is $39.70. The stock has a market cap of $1.67 billion, a P/E ratio of 16.42 and a beta of 0.21. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Equities research analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.44%. Horace Mann Educators’s dividend payout ratio is currently 56.45%.

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.