Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,148 shares of the insurance provider's stock after buying an additional 6,483 shares during the quarter. Jane Street Group LLC owned about 0.05% of Horace Mann Educators worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Horace Mann Educators by 2.1% during the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock worth $521,000 after buying an additional 272 shares in the last quarter. Victory Capital Management Inc. lifted its position in Horace Mann Educators by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock worth $851,000 after buying an additional 305 shares in the last quarter. Sit Investment Associates Inc. lifted its position in Horace Mann Educators by 1.9% during the fourth quarter. Sit Investment Associates Inc. now owns 21,825 shares of the insurance provider's stock worth $856,000 after buying an additional 400 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after buying an additional 620 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Horace Mann Educators by 2.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 32,140 shares of the insurance provider's stock worth $1,261,000 after buying an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company's stock.

Horace Mann Educators Trading Down 0.1%

Shares of NYSE HMN traded down $0.06 during trading on Thursday, reaching $43.30. The stock had a trading volume of 161,469 shares, compared to its average volume of 251,677. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The business's 50-day moving average price is $41.74 and its 200-day moving average price is $40.76. The company has a market cap of $1.77 billion, a P/E ratio of 17.46 and a beta of 0.28.

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

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. Horace Mann Educators's payout ratio is presently 50.72%.

Horace Mann Educators declared that its Board of Directors has authorized a stock repurchase program on Tuesday, May 13th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HMN. Piper Sandler lifted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Tuesday, February 11th. Raymond James restated a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Insider Buying and Selling

In other news, Director Victor Fetter bought 3,500 shares of Horace Mann Educators stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average cost of $44.03 per share, with a total value of $154,105.00. Following the acquisition, the director now owns 14,655 shares of the company's stock, valued at approximately $645,259.65. This trade represents a 31.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $41.40, for a total value of $207,000.00. Following the sale, the chief executive officer now directly owns 315,451 shares of the company's stock, valued at approximately $13,059,671.40. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,816 shares of company stock valued at $543,144 in the last three months. 4.00% of the stock is owned by corporate insiders.

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.