KLP Kapitalforvaltning AS Acquires 8,300 Shares of Horace Mann Educators Corporation $HMN

KLP Kapitalforvaltning AS raised its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN) by 52.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,100 shares of the insurance provider’s stock after acquiring an additional 8,300 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.06% of Horace Mann Educators worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HMN. GAMMA Investing LLC raised its holdings in Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 1,106 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Horace Mann Educators during the second quarter valued at about $137,000. US Bancorp DE raised its holdings in Horace Mann Educators by 2,693.3% during the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 4,040 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Horace Mann Educators during the second quarter valued at about $210,000. Finally, FourThought Financial Partners LLC bought a new stake in Horace Mann Educators during the first quarter valued at about $218,000. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Down 2.3%

Shares of NYSE HMN opened at $44.63 on Thursday. The business’s 50 day moving average is $45.39 and its two-hundred day moving average is $43.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Corporation has a 1-year low of $36.02 and a 1-year high of $47.81. The stock has a market capitalization of $1.82 billion, a P/E ratio of 13.21 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The business had revenue of $330.60 million during the quarter. As a group, research analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators’s payout ratio is 41.42%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer owned 302,155 shares in the company, valued at $12,775,113.40. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Donald M. Carley sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $825,040 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

HMN has been the subject of a number of research analyst reports. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the company an “outperform” rating in a research report on Monday, July 28th. Piper Sandler raised their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Horace Mann Educators in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.