Horace Mann Educators Co. (NYSE:HMN) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Horace Mann Educators Co. (NYSE:HMN) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 166,460 shares of the insurance provider’s stock after selling 1,028 shares during the period. Allspring Global Investments Holdings LLC owned about 0.41% of Horace Mann Educators worth $5,443,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake in Horace Mann Educators by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after acquiring an additional 375 shares during the period. Putnam Investments LLC lifted its holdings in shares of Horace Mann Educators by 0.3% in the 4th quarter. Putnam Investments LLC now owns 137,515 shares of the insurance provider’s stock worth $5,139,000 after purchasing an additional 378 shares during the last quarter. Yousif Capital Management LLC boosted its position in Horace Mann Educators by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock valued at $1,605,000 after purchasing an additional 389 shares during the period. State of Wyoming grew its stake in Horace Mann Educators by 41.0% during the 2nd quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock worth $45,000 after buying an additional 439 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Horace Mann Educators by 5.8% during the 3rd quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider’s stock worth $250,000 after buying an additional 464 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Insider Activity

In related news, CEO Marita Zuraitis sold 1,250 shares of Horace Mann Educators stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the transaction, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at $11,265,871. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the transaction, the chief executive officer now owns 304,483 shares of the company’s stock, valued at $11,265,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Donald M. Carley sold 5,000 shares of Horace Mann Educators stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the completion of the transaction, the general counsel now owns 29,627 shares in the company, valued at $1,040,203.97. The disclosure for this sale can be found here. Insiders sold a total of 74,327 shares of company stock worth $2,728,271 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $33.00 to $40.00 in a report on Monday, January 29th. Piper Sandler dropped their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Finally, StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday.

Horace Mann Educators Stock Performance

Shares of HMN opened at $35.42 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 32.79 and a beta of 0.28. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $35.90 and a 200 day moving average price of $33.92. Horace Mann Educators Co. has a 52-week low of $27.81 and a 52-week high of $38.29.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million during the quarter, compared to analysts’ expectations of $394.40 million. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s payout ratio is currently 125.93%.

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.