Horace Mann Educators Co. (NYSE:HMN) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,051 shares of the insurance provider’s stock after acquiring an additional 1,020 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Horace Mann Educators worth $983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Horace Mann Educators by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider’s stock worth $104,340,000 after purchasing an additional 47,074 shares during the last quarter. First Trust Advisors LP raised its position in Horace Mann Educators by 5.1% during the 4th quarter. First Trust Advisors LP now owns 89,724 shares of the insurance provider’s stock worth $3,520,000 after buying an additional 4,326 shares during the last quarter. Mariner LLC lifted its stake in Horace Mann Educators by 23.3% during the 4th quarter. Mariner LLC now owns 12,597 shares of the insurance provider’s stock valued at $494,000 after acquiring an additional 2,384 shares during the period. Barclays PLC boosted its holdings in shares of Horace Mann Educators by 25.3% in the 4th quarter. Barclays PLC now owns 87,704 shares of the insurance provider’s stock valued at $3,441,000 after acquiring an additional 17,692 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 1,153 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Beverley J. Mcclure sold 2,816 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were 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 represents a 17.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the sale, the chief executive officer now owns 320,451 shares in the company, valued at approximately $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,816 shares of company stock worth $485,624. Company insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Up 2.3 %

HMN opened at $42.32 on Friday. The company has a fifty day moving average of $41.29 and a two-hundred day moving average of $40.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.69. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.07 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date was Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is presently 56.45%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HMN shares. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler upped their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, February 11th.

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.