Hsbc Holdings PLC Acquires 9,101 Shares of Horace Mann Educators Co. (NYSE:HMN)

Hsbc Holdings PLC raised its stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 36.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,878 shares of the insurance provider's stock after purchasing an additional 9,101 shares during the period. Hsbc Holdings PLC owned 0.08% of Horace Mann Educators worth $1,329,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Horace Mann Educators by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider's stock valued at $196,339,000 after purchasing an additional 32,586 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Horace Mann Educators by 17.7% during the 4th quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock valued at $135,890,000 after buying an additional 521,437 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Horace Mann Educators by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider's stock worth $104,340,000 after acquiring an additional 47,074 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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, Arrowstreet Capital Limited Partnership boosted its stake in Horace Mann Educators by 16.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider's stock valued at $19,542,000 after acquiring an additional 70,682 shares during the period. Institutional investors and hedge funds own 99.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler boosted their target price 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, Keefe, Bruyette & Woods raised 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.

Horace Mann Educators Price Performance

Shares of Horace Mann Educators stock traded up $0.17 on Wednesday, hitting $41.78. The company had a trading volume of 153,707 shares, compared to its average volume of 243,757. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69. The company has a market cap of $1.71 billion, a PE ratio of 16.84 and a beta of 0.28. The business has a 50-day simple moving average of $41.33 and a 200-day simple moving average of $40.27. 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 (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping 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 company had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.35%. Horace Mann Educators's dividend payout ratio is currently 56.45%.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $41.40, for a total value of $207,000.00. Following the completion of the transaction, the chief executive officer now owns 315,451 shares in the company, valued at $13,059,671.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,816 shares of company stock worth $543,144. 4.00% of the stock is owned by insiders.

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.