Hantz Financial Services Inc. Acquires 5,879 Shares of Horace Mann Educators Co. (NYSE:HMN)

Hantz Financial Services Inc. grew its stake in Horace Mann Educators Co. (NYSE:HMN) by 10.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 62,767 shares of the insurance provider’s stock after purchasing an additional 5,879 shares during the quarter. Hantz Financial Services Inc.’s holdings in Horace Mann Educators were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HMN. Franklin Resources Inc. increased its position in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after purchasing an additional 359,083 shares during the last quarter. State Street Corp increased its holdings in Horace Mann Educators by 1.3% during the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after buying an additional 20,771 shares during the last quarter. Geode Capital Management LLC lifted its stake in Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after acquiring an additional 22,358 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Horace Mann Educators by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock valued at $19,513,000 after acquiring an additional 6,254 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after acquiring an additional 164,036 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now directly owns 298,324 shares of the company’s stock, valued at $11,753,965.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction 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 sale, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,451 shares of company stock worth $670,619 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Up 0.8 %

Horace Mann Educators stock opened at $38.97 on Friday. The company’s 50-day moving average price is $39.59 and its two-hundred day moving average price is $37.14. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.59 billion, a P/E ratio of 15.53 and a beta of 0.31. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. As a group, analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is 54.18%.

Analysts Set New Price Targets

HMN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.67.

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.