Wells Fargo & Company MN Lowers Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Wells Fargo & Company MN lowered its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,061 shares of the insurance provider's stock after selling 14,418 shares during the period. Wells Fargo & Company MN owned 0.29% of Horace Mann Educators worth $4,710,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HMN. Trexquant Investment LP acquired a new stake in Horace Mann Educators during the fourth quarter worth about $734,000. Franklin Resources Inc. increased its holdings 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 worth $135,890,000 after buying an additional 521,437 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Horace Mann Educators during the 4th quarter valued at approximately $3,252,000. Arrowstreet Capital Limited Partnership grew its position 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 worth $19,542,000 after acquiring an additional 70,682 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in Horace Mann Educators during the fourth quarter worth $244,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the 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 transaction, the chief executive officer now directly owns 320,451 shares in the company, valued at $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owns 13,643 shares of the company's stock, valued at $584,738.98. This represents a 17.11 % 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 quarter. 3.80% of the stock is owned by insiders.

Horace Mann Educators Stock Down 1.9 %

Shares of NYSE HMN traded down $0.77 during mid-day trading on Friday, hitting $39.92. The company had a trading volume of 34,865 shares, compared to its average volume of 241,125. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The company has a market capitalization of $1.63 billion, a PE ratio of 16.10 and a beta of 0.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The business's 50-day simple moving average is $41.18 and its 200 day simple moving average is $39.91.

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

Horace Mann Educators Increases Dividend

The company 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 was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is presently 56.45%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HMN shares. Keefe, Bruyette & Woods increased their price target 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 reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Piper Sandler lifted their price objective on 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 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.