Franklin Resources Inc. Has $117 Million Holdings in Horace Mann Educators Co. (NYSE:HMN)

Franklin Resources Inc. boosted its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,578,005 shares of the insurance provider's stock after acquiring an additional 303,501 shares during the period. Franklin Resources Inc. owned 8.76% of Horace Mann Educators worth $117,001,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Horace Mann Educators during the 4th quarter valued at about $36,000. Envestnet Portfolio Solutions Inc. purchased a new position in Horace Mann Educators during the 3rd quarter worth $208,000. Vestmark Advisory Solutions Inc. purchased a new stake in Horace Mann Educators in the fourth quarter valued at about $213,000. Pathstone Family Office LLC acquired a new stake in Horace Mann Educators in the third quarter worth about $215,000. Finally, Versor Investments LP purchased a new position in shares of Horace Mann Educators in the 3rd quarter valued at approximately $230,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Horace Mann Educators Trading Up 0.3 %

Shares of HMN traded up $0.11 during mid-day trading on Friday, reaching $33.76. The stock had a trading volume of 150,756 shares, compared to its average volume of 215,428. Horace Mann Educators Co. has a 52-week low of $27.81 and a 52-week high of $39.25. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 21.56 and a beta of 0.26. The business's fifty day moving average is $35.89 and its 200 day moving average is $34.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a $0.34 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a yield of 4.03%. Horace Mann Educators's dividend payout ratio is currently 87.18%.

Insider Activity

In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the sale, the chief financial officer now directly owns 63,922 shares in the company, valued at $2,288,407.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, General Counsel Donald M. Carley sold 5,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total value of $175,550.00. Following the completion of the sale, the general counsel now owns 29,627 shares in the company, valued at $1,040,203.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bret A. Conklin sold 9,689 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the transaction, the chief financial officer now directly owns 63,922 shares in the company, valued at approximately $2,288,407.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,529 shares of company stock valued at $769,293 in the last quarter. Insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

HMN has been the topic of several analyst reports. StockNews.com downgraded Horace Mann Educators from a "buy" rating to a "hold" rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods raised Horace Mann Educators from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. TheStreet upgraded shares of Horace Mann Educators from a "c" rating to a "b" rating in a research report on Wednesday, February 7th. Finally, Piper Sandler dropped their price objective on shares of Horace Mann Educators from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, May 10th.

Horace Mann Educators 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.