Bank of Montreal Can Has $521,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Bank of Montreal Can boosted its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,269 shares of the insurance provider’s stock after purchasing an additional 272 shares during the quarter. Bank of Montreal Can’s holdings in Horace Mann Educators were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HMN. 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. boosted its position 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 worth $12,944,000 after purchasing an additional 221,233 shares during the last quarter. Norges Bank acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth $4,209,000. Brandywine Global Investment Management LLC acquired a new position in Horace Mann Educators in the fourth quarter valued at 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 during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Down 2.9 %

Shares of NYSE:HMN opened at $38.79 on Tuesday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.64 and a beta of 0.21. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69. The company’s fifty day simple moving average is $41.21 and its 200 day simple moving average is $39.86.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating 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%. As a group, research analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.35 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.61%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio (DPR) is 56.45%.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through 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 value of $120,693.76. Following the transaction, the director now directly owns 13,643 shares in the company, valued at $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 three months, insiders have sold 11,816 shares of company stock worth $485,624. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Finally, 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.

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.