Dark Forest Capital Management LP Makes New $290,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Dark Forest Capital Management LP acquired a new stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,393 shares of the insurance provider's stock, valued at approximately $290,000.

Several other hedge funds have also recently bought and sold shares of HMN. Hsbc Holdings PLC raised its stake in shares of Horace Mann Educators by 36.7% in the 4th quarter. Hsbc Holdings PLC now owns 33,878 shares of the insurance provider's stock valued at $1,329,000 after purchasing an additional 9,101 shares during the period. State of Tennessee Department of Treasury lifted its stake in Horace Mann Educators by 29.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 13,642 shares of the insurance provider's stock valued at $535,000 after acquiring an additional 3,111 shares in the last quarter. MetLife Investment Management LLC boosted its position in Horace Mann Educators by 4.2% during the 4th quarter. MetLife Investment Management LLC now owns 25,051 shares of the insurance provider's stock worth $983,000 after acquiring an additional 1,020 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Horace Mann Educators by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider's stock worth $104,340,000 after acquiring an additional 47,074 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Horace Mann Educators by 5.1% in the fourth quarter. First Trust Advisors LP now owns 89,724 shares of the insurance provider's stock valued at $3,520,000 after purchasing an additional 4,326 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN traded up $0.94 during trading on Friday, reaching $42.32. 244,334 shares of the stock were exchanged, compared to its average volume of 244,343. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69. The stock has a 50-day moving average price of $41.29 and a 200-day moving average price of $40.18. 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 firm has a market cap of $1.73 billion, a PE ratio of 17.07 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.31%. Horace Mann Educators's dividend payout ratio (DPR) is 56.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HMN shares. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price 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. Finally, Piper Sandler lifted their price objective 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.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total transaction of $215,450.00. Following the sale, the chief executive officer now directly owns 320,451 shares of the company's stock, valued at approximately $13,808,233.59. The trade was a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares of the company's stock, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. 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 90 days. 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.