Bank of Montreal Can Has $521,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Bank of Montreal Can grew its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,269 shares of the insurance provider’s stock after purchasing an additional 272 shares during the quarter. Bank of Montreal Can’s holdings in Horace Mann Educators were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of 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 worth $104,194,000 after buying an additional 359,083 shares during the last quarter. Principal Financial Group Inc. grew its holdings in 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 purchasing an additional 11,205 shares during the last quarter. Barclays PLC raised its position in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after purchasing an additional 53,961 shares during the period. Geode Capital Management LLC lifted its stake in shares of Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after buying an additional 22,358 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Horace Mann Educators during the 4th quarter worth $4,209,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Beverley J. Mcclure sold 2,816 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 13,643 shares in the company, valued at $584,738.98. This trade represents a 17.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on 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 directly owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,816 shares of company stock worth $485,624 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

NYSE HMN opened at $38.79 on Tuesday. The company’s fifty day moving average is $41.21 and its two-hundred day moving average is $39.86. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.64 and a beta of 0.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.69.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (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 forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.35 dividend. 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 3.61%. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators’s dividend payout ratio (DPR) is 56.45%.

Analyst Ratings Changes

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

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.