Legal & General Group Plc Has $4.44 Million Position in Horace Mann Educators Co. (NYSE:HMN)

Legal & General Group Plc trimmed its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,045 shares of the insurance provider's stock after selling 6,486 shares during the quarter. Legal & General Group Plc owned 0.28% of Horace Mann Educators worth $4,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HMN. Bank of Montreal Can lifted its position in shares of Horace Mann Educators by 2.1% in the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock worth $521,000 after purchasing an additional 272 shares in the last quarter. Victory Capital Management Inc. lifted its position in Horace Mann Educators by 1.4% during the 4th 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. boosted its stake in shares of Horace Mann Educators by 1.9% during the 4th 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 during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Horace Mann Educators by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock valued at $1,996,000 after acquiring an additional 581 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock traded up $0.01 during trading on Friday, reaching $40.70. The company's stock had a trading volume of 235,189 shares, compared to its average volume of 241,999. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.67 billion, a PE ratio of 16.41 and a beta of 0.21. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.69. The business's 50-day moving average price is $41.16 and its 200-day moving average price is $39.95.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Equities analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.35 per share. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators's dividend payout ratio is currently 56.45%.

Insider Activity at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,816 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the company'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 value of $215,450.00. Following the completion of 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 11,816 shares of company stock valued at $485,624 over the last ninety days. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HMN has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped 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. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, Piper Sandler upped 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.

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.