EntryPoint Capital LLC Has $246,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

EntryPoint Capital LLC trimmed its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 53.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,272 shares of the insurance provider’s stock after selling 7,325 shares during the quarter. EntryPoint Capital LLC’s holdings in Horace Mann Educators were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after buying an additional 359,083 shares during the period. American Century Companies Inc. boosted 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Horace Mann Educators by 13.1% in the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after purchasing an additional 54,398 shares during the last quarter. Barclays PLC increased its position in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after purchasing an additional 53,961 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in Horace Mann Educators during the 4th quarter valued at about $1,511,000. 99.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Piper Sandler raised their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.67.

Horace Mann Educators Price Performance

HMN opened at $42.69 on Friday. 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 company’s 50 day simple moving average is $40.63 and its 200-day simple moving average is $39.07. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.53. The stock has a market capitalization of $1.74 billion, a P/E ratio of 17.21 and a beta of 0.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.35 per share. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. Horace Mann Educators’s payout ratio is currently 56.45%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now directly owns 298,324 shares in the company, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,817 shares of company stock worth $415,140. Company insiders own 3.80% of the company’s stock.

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.