Hsbc Holdings PLC Buys 9,101 Shares of Horace Mann Educators Co. (NYSE:HMN)

Hsbc Holdings PLC raised its position in Horace Mann Educators Co. (NYSE:HMN) by 36.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,878 shares of the insurance provider’s stock after purchasing an additional 9,101 shares during the period. Hsbc Holdings PLC owned 0.08% of Horace Mann Educators worth $1,329,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Horace Mann Educators by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider’s stock valued at $135,890,000 after buying an additional 521,437 shares during the period. American Century Companies Inc. lifted its stake in shares of Horace Mann Educators by 203.5% in the 4th quarter. American Century Companies Inc. now owns 329,964 shares of the insurance provider’s stock valued at $12,944,000 after purchasing an additional 221,233 shares during the period. Norges Bank bought a new stake in shares of Horace Mann Educators during the 4th quarter valued at about $4,209,000. Brandywine Global Investment Management LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth approximately $3,252,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings 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 purchasing an additional 70,682 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HMN. Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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 Price Performance

HMN stock opened at $42.32 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The business has a 50-day simple moving average of $41.29 and a two-hundred day simple moving average of $40.18. The company has a market capitalization of $1.73 billion, a P/E ratio of 17.07 and a beta of 0.21. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.69.

Horace Mann Educators (NYSE:HMN) last announced its 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%. Research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.35 per share. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Monday, March 17th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 56.45%.

Insider Buying and Selling

In other news, 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 value of $120,693.76. Following the transaction, the director now owns 13,643 shares in the company, valued at $584,738.98. The trade was a 17.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 320,451 shares of the company’s stock, valued at $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. 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. 3.80% of the stock is owned by insiders.

Horace Mann Educators Company 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.