Wells Fargo & Company MN Has $4.71 Million Stake in Horace Mann Educators Co. (NYSE:HMN)

Wells Fargo & Company MN lowered its stake in Horace Mann Educators Co. (NYSE:HMN) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,061 shares of the insurance provider’s stock after selling 14,418 shares during the quarter. Wells Fargo & Company MN owned 0.29% of Horace Mann Educators worth $4,710,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Horace Mann Educators by 13.9% during the 3rd 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 in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Horace Mann Educators by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock valued at $9,208,000 after buying an additional 11,205 shares during the last quarter. Barclays PLC increased its position in shares of Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 53,961 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $33,351,000 after acquiring an additional 22,358 shares during the last quarter. Finally, Norges Bank bought a new position in Horace Mann Educators in the 4th quarter valued at about $4,209,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on HMN. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. Finally, Piper Sandler boosted their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th.

Horace Mann Educators Stock Down 1.2 %

Shares of NYSE HMN opened at $39.92 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $41.25 and a 200-day moving average of $39.84. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.10 and a beta of 0.21. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69.

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

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.51%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is currently 56.45%.

Insider Activity

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 shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the transaction, the director now owns 13,643 shares in the company, 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 can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares of the company’s stock, valued at approximately $13,808,233.59. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 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.