2 weeks Ago By Defense World Staff
LPL Financial LLC reduced its position in Horace Mann Educators Co. (NYSE:HMN – Free Report) by 11.2% during the 4th quarter, according to its most recent filing with the SEC.
The firm owned 38,145 shares of the insurance provider’s stock after selling 4,797 shares during the quarter. LPL Financial LLC owned about 0.09% of Horace Mann Educators worth $1,496,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Horace Mann Educators by 72.9% during the 4th quarter.
GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after buying an additional 671 shares during the period. Venturi Wealth Management LLC acquired a new stake in Horace Mann Educators during the 4th quarter valued at $92,000. KBC Group NV lifted its stake in shares of Horace Mann Educators by 42.
3% in the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider’s stock worth $93,000 after acquiring an additional 707 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Horace Mann Educators in the fourth quarter worth $216,000.
Institutional investors and hedge funds own 99.28% of the company’s stock. Insider Transactions at Horace Mann EducatorsIn related news, CEO Marita Zuraitis sold 5,000 shares of the firm’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 transaction of $215,450.00.
Following the completion of the transaction, the chief executive officer now owns 320,451 shares in the company, valued at $13,808,233.59. This trade represents a 1.
54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J.
Mcclure sold 2,816 shares of the stock in a transaction dated 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 disclosure for this sale can be found here.
Over the last ninety days, insiders have sold 11,816 shares of company stock worth $485,624. Company insiders own 3.80% of the company’s stock.
Analysts Set New Price TargetsHMN has been the topic of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. 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. Finally, Piper Sandler increased their target price 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.Check Out Our Latest Report on Horace Mann EducatorsHorace Mann Educators Trading Down 1.
2 %NYSE:HMN opened at $39.92 on Friday. The stock has a market cap of $1.
63 billion, a PE ratio of 16.10 and a beta of 0.21.
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 debt-to-equity ratio of 0.42, a current ratio of 0.
10 and a quick ratio of 0.09. The stock’s 50-day moving average is $41.
30 and its two-hundred day moving average is $39.74. Horace Mann Educators (NYSE:HMN – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th.
The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.
58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.
44%. As a group, equities research analysts forecast that Horace Mann Educators Co. will post 3.
87 earnings per share for the current fiscal year. Horace Mann Educators Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.
35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.
51%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34.
The ex-dividend date was Monday, March 17th. Horace Mann Educators’s payout ratio is presently 56.45%.
About Horace Mann Educators (Free Report)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.
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