Price T Rowe Associates Inc. MD Purchases 1,400,210 Shares of Horace Mann Educators Co. (NYSE:HMN)

Price T Rowe Associates Inc. MD boosted its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 183.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,162,264 shares of the insurance provider's stock after acquiring an additional 1,400,210 shares during the quarter. Price T Rowe Associates Inc. MD owned 5.30% of Horace Mann Educators worth $84,827,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after buying an additional 620 shares in the last quarter. Sterling Capital Management LLC grew its position in Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 1,153 shares during the last quarter. GAMMA Investing LLC raised its stake in Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after acquiring an additional 671 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Horace Mann Educators in the fourth quarter worth about $92,000. Finally, KBC Group NV boosted its stake in shares of Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock valued at $93,000 after purchasing an additional 707 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the firm'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 of the company's stock, valued at approximately $584,738.98. This trade represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,816 shares of company stock valued at $485,624. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HMN shares. JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler upped their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th.

Horace Mann Educators Trading Up 2.3 %

NYSE:HMN traded up $0.94 during mid-day trading on Friday, hitting $42.32. 244,334 shares of the company's stock were exchanged, compared to its average volume of 244,420. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.69. The company has a 50 day simple moving average of $41.29 and a 200-day simple moving average of $40.20. The firm has a market capitalization of $1.73 billion, a P/E ratio of 17.07 and a beta of 0.21.

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

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.31%. Horace Mann Educators's dividend payout ratio is presently 56.45%.

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.