6,501 Shares in Horace Mann Educators Co. (NYSE:HMN) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new stake in Horace Mann Educators Co. (NYSE:HMN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,501 shares of the insurance provider’s stock, valued at approximately $213,000.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in shares of Horace Mann Educators by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after acquiring an additional 375 shares during the period. Victory Capital Management Inc. increased its stake in Horace Mann Educators by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,474 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 544 shares during the period. Swiss National Bank increased its stake in Horace Mann Educators by 1.0% in the third quarter. Swiss National Bank now owns 89,800 shares of the insurance provider’s stock valued at $2,638,000 after purchasing an additional 900 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Horace Mann Educators by 2.5% in the third quarter. Nisa Investment Advisors LLC now owns 40,713 shares of the insurance provider’s stock valued at $1,196,000 after buying an additional 983 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in shares of Horace Mann Educators by 5.5% during the fourth quarter. Natixis Advisors L.P. now owns 20,914 shares of the insurance provider’s stock worth $683,000 after buying an additional 1,096 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the chief executive officer now directly owns 280,832 shares in the company, valued at $10,390,784. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret A. Conklin sold 9,689 shares of Horace Mann Educators stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the transaction, the chief financial officer now directly owns 63,922 shares in the company, valued at $2,288,407.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,229 shares of company stock valued at $870,137 in the last quarter. 3.80% of the stock is currently owned by company insiders.

Horace Mann Educators Stock Up 1.3 %

Horace Mann Educators stock opened at $38.80 on Wednesday. Horace Mann Educators Co. has a fifty-two week low of $27.81 and a fifty-two week high of $38.97. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 35.93 and a beta of 0.26. The stock’s fifty day moving average is $35.99 and its two-hundred day moving average is $34.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09.

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

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.51%. Horace Mann Educators’s payout ratio is 125.93%.

Analyst Upgrades and Downgrades

HMN has been the subject of several analyst reports. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. Piper Sandler cut their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. StockNews.com downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th.

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.