Empowered Funds LLC Has $6.72 Million Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Empowered Funds LLC increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 171,378 shares of the insurance provider’s stock after acquiring an additional 8,331 shares during the period. Empowered Funds LLC’s holdings in Horace Mann Educators were worth $6,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 570 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Horace Mann Educators by 1.2% in 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 in the last quarter. KBC Group NV grew its position in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Horace Mann Educators by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the insurance provider’s stock valued at $697,000 after acquiring an additional 710 shares during the period. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

HMN opened at $41.68 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The company’s 50 day simple moving average is $39.32 and its 200-day simple moving average is $37.42. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The stock has a market capitalization of $1.70 billion, a P/E ratio of 16.81 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Horace Mann Educators Co. will post 3.82 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.26%. Horace Mann Educators’s payout ratio is presently 54.84%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the sale, the chief executive officer now owns 300,542 shares of the company’s stock, valued at $12,613,747.74. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,817 shares of company stock worth $583,020 in the last quarter. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Finally, Piper Sandler boosted their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has an average rating of “Hold” and an average target price of $43.33.

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.