Northern Trust Corp Buys 14,543 Shares of Horace Mann Educators Co. (NYSE:HMN)

Northern Trust Corp raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,908 shares of the insurance provider's stock after acquiring an additional 14,543 shares during the quarter. Northern Trust Corp owned approximately 1.11% of Horace Mann Educators worth $17,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HMN. Price T Rowe Associates Inc. MD lifted its holdings in shares of Horace Mann Educators by 183.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider's stock valued at $84,827,000 after buying an additional 1,400,210 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Horace Mann Educators by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock worth $135,890,000 after purchasing an additional 521,437 shares during the last quarter. American Century Companies Inc. lifted its holdings in Horace Mann Educators by 203.5% in the 4th quarter. American Century Companies Inc. now owns 329,964 shares of the insurance provider's stock worth $12,944,000 after purchasing an additional 221,233 shares during the last quarter. Norges Bank acquired a new stake in Horace Mann Educators in the 4th quarter worth approximately $4,209,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Horace Mann Educators in the 4th quarter worth approximately $3,252,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Insider Transactions at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction that occurred 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 directly owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the business'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 sale, the chief executive officer now owns 320,451 shares in the company, valued at approximately $13,808,233.59. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,816 shares of company stock worth $543,144 over the last three months. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James boosted their target price on Horace Mann Educators from $46.00 to $49.00 and gave the stock a "strong-buy" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler boosted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Horace Mann Educators has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Horace Mann Educators Stock Performance

Shares of HMN stock traded up $0.93 during trading hours on Friday, reaching $43.51. 523,597 shares of the company's stock were exchanged, compared to its average volume of 246,936. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.27. The stock has a market capitalization of $1.77 billion, a P/E ratio of 17.54 and a beta of 0.28. The business has a fifty day moving average price of $41.39 and a 200-day moving average price of $40.55. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $421.40 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 13th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued 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 dividend yield of 3.22%. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

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.