Oppenheimer Asset Management Inc. Buys 672 Shares of Horace Mann Educators Co. (NYSE:HMN)

Oppenheimer Asset Management Inc. lifted its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,140 shares of the insurance provider’s stock after purchasing an additional 672 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Horace Mann Educators worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HMN. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after buying an additional 671 shares during the period. KBC Group NV increased its holdings in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the period. Venturi Wealth Management LLC bought a new stake in Horace Mann Educators during the 4th quarter worth approximately $92,000. Integrated Investment Consultants LLC purchased a new stake in Horace Mann Educators in the 4th quarter worth approximately $216,000. Finally, Captrust Financial Advisors bought a new position in Horace Mann Educators in the 3rd quarter valued at $209,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $42.71 on Tuesday. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.53. The firm’s fifty day moving average price is $39.42 and its 200-day moving average price is $38.21. The stock has a market cap of $1.74 billion, a P/E ratio of 17.22 and a beta of 0.31. 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 (NYSE:HMN) last issued its quarterly 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%. On average, equities research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.35 per share. This is a boost 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 3.28%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.84%.

Insiders Place Their Bets

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares in the company, valued at $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.