4 hours Ago By Defense World Staff
Renaissance Technologies LLC increased its stake in shares of Horace Mann Educators Co. (NYSE:HMN – Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 22,900 shares of the insurance provider’s stock after buying an additional 1,500 shares during the period. Renaissance Technologies LLC owned about 0.06% of Horace Mann Educators worth $898,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in HMN. Franklin Resources Inc. boosted its holdings in Horace Mann Educators by 17.
7% during the fourth 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 in the last quarter.
American Century Companies Inc. boosted its holdings in Horace Mann Educators by 203.5% during the fourth quarter.
American Century Companies Inc. now owns 329,964 shares of the insurance provider’s stock worth $12,944,000 after buying an additional 221,233 shares in the last quarter. Norges Bank purchased a new stake in Horace Mann Educators during the fourth quarter worth about $4,209,000.
Brandywine Global Investment Management LLC purchased a new stake in Horace Mann Educators during the fourth quarter worth about $3,252,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Horace Mann Educators by 16.5% during the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 498,149 shares of the insurance provider’s stock worth $19,542,000 after buying an additional 70,682 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.
Horace Mann Educators Stock PerformanceShares of HMN opened at $41.48 on Thursday. The company has a current ratio of 0.
10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.
The stock has a market cap of $1.70 billion, a P/E ratio of 16.73 and a beta of 0.
21. The company has a 50-day moving average of $41.24 and a two-hundred day moving average of $40.
10. Horace Mann Educators Co. has a 12-month low of $31.
81 and a 12-month high of $43.69. Horace Mann Educators (NYSE:HMN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th.
The insurance provider reported $1.62 earnings per share 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, research analysts predict that Horace Mann Educators Co. will post 3.
87 EPS for the current fiscal year. Horace Mann Educators Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.
35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.
38%. The ex-dividend date was Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.
34. Horace Mann Educators’s payout ratio is currently 56.45%.
Analyst Upgrades and DowngradesA number of brokerages have issued reports on HMN. Keefe, Bruyette & Woods lifted their target price on shares of Horace Mann Educators from $44.00 to $45.
00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. Piper Sandler lifted their target price on shares of Horace Mann Educators from $42.00 to $44.
00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th.Check Out Our Latest Research Report on Horace Mann EducatorsInsiders Place Their BetsIn related news, Director Beverley J.
Mcclure sold 2,816 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.
76. Following the transaction, the director now 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 legal filing with the SEC, which can be accessed through this link.
Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.
00. Following the completion of the sale, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88.
This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders have sold a total of 11,816 shares of company stock worth $485,624 over the last quarter. 3.80% of the stock is owned by corporate insiders.
Horace Mann Educators Company Profile (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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