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

MetLife Investment Management LLC raised its holdings in Horace Mann Educators Co. (NYSE:HMN) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 25,051 shares of the insurance provider’s stock after buying an additional 1,020 shares during the period. MetLife Investment Management LLC’s holdings in Horace Mann Educators were worth $983,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HMN. Barclays PLC boosted its position in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after acquiring an additional 53,961 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after purchasing an additional 359,083 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after buying an additional 671 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 581 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in Horace Mann Educators in the fourth quarter valued at approximately $216,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HMN. Piper Sandler raised 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. Keefe, Bruyette & Woods boosted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th.

Horace Mann Educators Stock Up 2.3 %

NYSE:HMN opened at $42.32 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69. The stock’s fifty day moving average is $41.29 and its two-hundred day moving average is $40.18. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.07 and a beta of 0.21. 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 posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Research analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

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

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the transaction, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 13,643 shares in the company, valued at $584,738.98. The trade was a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,816 shares of company stock valued at $485,624 in the last 90 days. Company insiders own 3.80% of the company’s stock.

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.