Exchange Traded Concepts LLC Acquires 375 Shares of Horace Mann Educators Co. (NYSE:HMN)

Exchange Traded Concepts LLC grew its holdings in Horace Mann Educators Co. (NYSE:HMNFree Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,184 shares of the insurance provider’s stock after acquiring an additional 375 shares during the period. Exchange Traded Concepts LLC owned 0.12% of Horace Mann Educators worth $1,543,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HMN. Putnam Investments LLC boosted its holdings in shares of Horace Mann Educators by 0.3% during the 4th quarter. Putnam Investments LLC now owns 137,515 shares of the insurance provider’s stock worth $5,139,000 after buying an additional 378 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock worth $1,605,000 after buying an additional 389 shares during the period. State of Wyoming boosted its holdings in shares of Horace Mann Educators by 41.0% during the 2nd quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock worth $45,000 after buying an additional 439 shares during the period. Stifel Financial Corp boosted its holdings in shares of Horace Mann Educators by 5.8% during the 3rd quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider’s stock worth $250,000 after buying an additional 464 shares during the period. Finally, Credit Suisse AG boosted its holdings in shares of Horace Mann Educators by 1.0% during the 2nd quarter. Credit Suisse AG now owns 52,972 shares of the insurance provider’s stock worth $1,571,000 after buying an additional 546 shares during the period. 99.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HMN. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $40.00 in a report on Monday, January 29th. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th.

View Our Latest Stock Analysis on HMN

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of Horace Mann Educators stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.80, for a total transaction of $346,866.20. Following the completion of the sale, the chief financial officer now owns 63,922 shares of the company’s stock, valued at approximately $2,288,407.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 2,700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The disclosure for this sale can be found here. Insiders have sold a total of 68,077 shares of company stock valued at $2,502,021 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Horace Mann Educators Trading Up 1.6 %

Shares of Horace Mann Educators stock opened at $35.22 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 32.61 and a beta of 0.27. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $35.55 and a 200 day simple moving average of $32.87. Horace Mann Educators Co. has a 12-month low of $27.81 and a 12-month high of $38.29.

Horace Mann Educators (NYSE:HMNGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The firm had revenue of $402.90 million for the quarter, compared to analyst estimates of $394.40 million. Research analysts expect that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.86%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Horace Mann Educators Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Horace Mann Educators (NYSE:HMN)

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