First Citizens Bank & Trust Co. Makes New $514,000 Investment in Horace Mann Educators Corporation $HMN

First Citizens Bank & Trust Co. acquired a new position in Horace Mann Educators Corporation (NYSE:HMN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,951 shares of the insurance provider's stock, valued at approximately $514,000.

Several other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Horace Mann Educators by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider's stock worth $362,000 after acquiring an additional 325 shares during the period. Martingale Asset Management L P raised its position in shares of Horace Mann Educators by 0.7% in the first quarter. Martingale Asset Management L P now owns 48,332 shares of the insurance provider's stock valued at $2,065,000 after purchasing an additional 340 shares during the period. Natixis Advisors LLC raised its position in shares of Horace Mann Educators by 1.7% in the first quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider's stock valued at $952,000 after purchasing an additional 370 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Horace Mann Educators by 1.9% in the second quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider's stock valued at $839,000 after purchasing an additional 372 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Horace Mann Educators by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider's stock valued at $1,274,000 after purchasing an additional 380 shares during the period. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $45.01 on Friday. The company has a 50 day moving average of $45.40 and a 200 day moving average of $43.23. The stock has a market cap of $1.83 billion, a P/E ratio of 13.32 and a beta of 0.21. Horace Mann Educators Corporation has a 12 month low of $36.20 and a 12 month high of $47.81. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The business had revenue of $330.60 million during the quarter. As a group, sell-side analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Horace Mann Educators's payout ratio is currently 41.42%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.28, for a total value of $211,400.00. Following the completion of the transaction, the chief executive officer owned 302,155 shares of the company's stock, valued at $12,775,113.40. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total transaction of $160,790.00. Following the completion of the transaction, the general counsel directly owned 22,092 shares of the company's stock, valued at approximately $1,014,906.48. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,500 shares of company stock valued at $825,040. Corporate insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

HMN has been the topic of several research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Horace Mann Educators in a research report on Wednesday, October 8th. Piper Sandler boosted their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.75.

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.

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