Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 51.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 159,470 shares of the insurance provider’s stock after purchasing an additional 54,443 shares during the period. JPMorgan Chase & Co. owned approximately 0.39% of Horace Mann Educators worth $6,256,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of 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 buying an additional 2,830 shares in the last quarter. HighTower Advisors LLC boosted its position in Horace Mann Educators by 67.2% during the third quarter. HighTower Advisors LLC now owns 14,194 shares of the insurance provider’s stock worth $501,000 after purchasing 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 third 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. Barclays PLC raised its stake in shares of 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 last quarter. Finally, Geode Capital Management LLC grew its stake 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 last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Stock Down 1.2 %

HMN stock opened at $39.92 on Friday. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.69. The stock has a market capitalization of $1.63 billion, a P/E ratio of 16.10 and a beta of 0.21. The company has a 50 day moving average price of $41.30 and a two-hundred day moving average price of $39.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that Horace Mann Educators Co. will post 3.87 EPS 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.51%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. Horace Mann Educators’s payout ratio is presently 56.45%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler upped their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the sale, the director now owns 13,643 shares of the company’s stock, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the transaction, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,816 shares of company stock valued at $485,624. Insiders own 3.80% of the company’s stock.

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.