Sequoia Financial Advisors LLC Takes $320,000 Position in Horace Mann Educators Co. (NYSE:HMN)

Sequoia Financial Advisors LLC acquired a new stake in Horace Mann Educators Co. (NYSE:HMN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,776 shares of the insurance provider’s stock, valued at approximately $320,000.

Several other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in Horace Mann Educators by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock worth $1,543,000 after purchasing an additional 375 shares during the last quarter. Putnam Investments LLC lifted its holdings in Horace Mann Educators by 0.3% during 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 lifted its holdings 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 worth $1,605,000 after purchasing an additional 389 shares during the last quarter. State of Wyoming lifted its holdings 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 purchasing an additional 439 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings 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 purchasing an additional 464 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HMN has been the subject of several research reports. Piper Sandler dropped their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 5th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $40.00 in a report on Monday, January 29th.

Insider Activity

In other news, CEO Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the transaction, the chief executive officer now owns 279,600 shares in the company, valued at approximately $10,370,364. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Marita Zuraitis sold 50,098 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total transaction of $1,858,134.82. Following the sale, the chief executive officer now owns 279,600 shares in the company, valued at approximately $10,370,364. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bret A. Conklin sold 9,689 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the sale, the chief financial officer now owns 63,922 shares in the company, valued at approximately $2,288,407.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,327 shares of company stock worth $2,728,271. Insiders own 3.20% of the company’s stock.

Horace Mann Educators Trading Up 2.7 %

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

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results 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 return on equity of 5.71% and a net margin of 3.02%. The company had revenue of $402.90 million for the quarter, compared to analyst estimates of $394.40 million. Equities analysts anticipate that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.34 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.84%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 125.93%.

About Horace Mann Educators

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.