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

Jane Street Group LLC grew its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,148 shares of the insurance provider's stock after acquiring 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.

Several other hedge funds and other institutional investors have also made changes to their positions in HMN. Principal Financial Group Inc. grew its position in Horace Mann Educators by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock worth $9,208,000 after purchasing an additional 11,205 shares during the last quarter. Barclays PLC lifted its stake in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after purchasing an additional 53,961 shares during the period. Norges Bank acquired a new position in Horace Mann Educators during the fourth quarter worth $4,209,000. Charles Schwab Investment Management Inc. raised its position in Horace Mann Educators by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock worth $22,239,000 after acquiring an additional 8,570 shares during the period. Finally, Northern Trust Corp raised its position in Horace Mann Educators by 3.3% during the fourth quarter. Northern Trust Corp now owns 450,908 shares of the insurance provider's stock worth $17,689,000 after acquiring an additional 14,543 shares during the period. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other Horace Mann Educators news, Director Victor Fetter purchased 3,500 shares of the stock in a transaction dated Tuesday, May 20th. The shares were bought at an average cost of $44.03 per share, with a total value of $154,105.00. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares in the company, valued at approximately $13,808,233.59. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,816 shares of company stock valued at $543,144. Company insiders own 4.00% of the company's stock.

Horace Mann Educators Stock Down 0.5%

Horace Mann Educators stock traded down $0.21 during midday trading on Wednesday, hitting $43.68. 77,308 shares of the company were exchanged, compared to its average volume of 250,915. The company's fifty day moving average price is $41.67 and its 200-day moving average price is $40.74. The company has a market cap of $1.78 billion, a PE ratio of 17.59 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. The company had revenue of $416.40 million for 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%. Horace Mann Educators's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. On average, research analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. Horace Mann Educators's payout ratio is currently 50.72%.

Horace Mann Educators declared that its board has initiated a share repurchase program on Tuesday, May 13th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Horace Mann Educators Company 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.