Deutsche Bank AG Increases Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Deutsche Bank AG raised its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 293.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,035 shares of the insurance provider's stock after buying an additional 68,617 shares during the period. Deutsche Bank AG owned about 0.23% of Horace Mann Educators worth $3,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HMN. EP Wealth Advisors LLC bought a new stake in shares of Horace Mann Educators in the 4th quarter worth approximately $255,000. Jane Street Group LLC lifted its stake in Horace Mann Educators by 41.4% in the fourth quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock worth $869,000 after purchasing an additional 6,483 shares during the last quarter. AQR Capital Management LLC boosted its position in Horace Mann Educators by 12.0% during the fourth quarter. AQR Capital Management LLC now owns 137,420 shares of the insurance provider's stock valued at $5,391,000 after buying an additional 14,739 shares during the period. Northern Trust Corp grew its stake in shares of Horace Mann Educators by 3.3% during the fourth quarter. Northern Trust Corp now owns 450,908 shares of the insurance provider's stock valued at $17,689,000 after buying an additional 14,543 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Horace Mann Educators by 42.3% in the fourth quarter. Voya Investment Management LLC now owns 19,287 shares of the insurance provider's stock worth $757,000 after buying an additional 5,732 shares during the period. Institutional investors own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares of the company's stock, valued at $584,738.98. This trade represents a 17.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at $13,808,233.59. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,816 shares of company stock worth $543,144 over the last 90 days. 4.00% of the stock is owned by company insiders.

Horace Mann Educators Trading Down 0.3%

NYSE HMN traded down $0.11 on Monday, hitting $42.93. The company's stock had a trading volume of 239,680 shares, compared to its average volume of 251,562. The firm has a market cap of $1.75 billion, a P/E ratio of 17.31 and a beta of 0.28. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $44.44. The company's 50-day simple moving average is $41.62 and its 200 day simple moving average is $40.71. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.19. The company had revenue of $416.40 million during the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. Research analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators declared that its board has authorized a share buyback plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's payout ratio is 50.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HMN shares. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Tuesday, February 11th. Piper Sandler raised their target price 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. Raymond James reiterated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Finally, Wall Street Zen raised shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Horace Mann Educators has an average rating of "Moderate Buy" and a consensus target price of $46.00.

About Horace Mann Educators

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.