Teacher Retirement System of Texas Acquires 18,744 Shares of Horace Mann Educators Co. (NYSE:HMN)

Teacher Retirement System of Texas increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,822 shares of the insurance provider’s stock after acquiring an additional 18,744 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Horace Mann Educators worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Horace Mann Educators by 389.9% in 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 72.9% in the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 671 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Horace Mann Educators in the fourth quarter worth $92,000. KBC Group NV raised its position in shares of Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider’s stock worth $93,000 after purchasing an additional 707 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Horace Mann Educators in the 3rd quarter worth about $209,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

HMN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised 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 research note on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler increased their target price 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. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.67.

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now owns 16,352 shares in the company, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is owned by insiders.

Horace Mann Educators Stock Up 1.4 %

HMN opened at $43.17 on Friday. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.53. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $40.54 and a 200-day moving average price of $39.01. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.41 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (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%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio is 56.45%.

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.