Horace Mann Educators Co. (NYSE:HMN) Position Boosted by Sit Investment Associates Inc.

Sit Investment Associates Inc. raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,825 shares of the insurance provider’s stock after acquiring an additional 400 shares during the period. Sit Investment Associates Inc. owned approximately 0.05% of Horace Mann Educators worth $856,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Horace Mann Educators in the fourth quarter worth about $437,000. Trexquant Investment LP acquired a new stake in shares of Horace Mann Educators in the 4th quarter worth approximately $734,000. Franklin Resources Inc. boosted its holdings in shares of Horace Mann Educators by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider’s stock valued at $135,890,000 after acquiring an additional 521,437 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Horace Mann Educators during the fourth quarter valued at approximately $3,252,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Horace Mann Educators by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider’s stock worth $19,542,000 after purchasing an additional 70,682 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Activity

In related news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction 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 sale, the director now owns 13,643 shares of the company’s stock, valued at approximately $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the sale, the chief executive officer now owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,816 shares of company stock worth $485,624. 3.80% of the stock is owned by corporate insiders.

Horace Mann Educators Trading Down 3.7 %

NYSE:HMN opened at $41.48 on Monday. The stock has a fifty day simple moving average of $41.13 and a 200 day simple moving average of $39.46. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.21. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its 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 forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio (DPR) is 56.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HMN. Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. Finally, JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $43.67.

Horace Mann Educators Company 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.