71,826 Shares in Horace Mann Educators Corporation $HMN Acquired by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. acquired 71,826 shares of Horace Mann Educators Corporation, valued at approximately $3,069,000, representing about 0.18% of the company as of the latest SEC filing.
• The company reported a quarterly earnings per share of $1.06, exceeding analyst estimates, and had a revenue of $302.60 million, a 6.1% increase year-over-year.
• Horace Mann Educators announced a quarterly dividend of $0.35 per share, with a yield of 2.9% and a dividend payout ratio of 41.42% to be paid on September 30th.

Hodges Capital Management Inc. purchased a new position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 71,826 shares of the insurance provider's stock, valued at approximately $3,069,000. Hodges Capital Management Inc. owned about 0.18% of Horace Mann Educators as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Horace Mann Educators by 69.5% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after acquiring an additional 1,106 shares during the period. US Bancorp DE lifted its position in Horace Mann Educators by 2,693.3% during the 1st quarter. US Bancorp DE now owns 4,190 shares of the insurance provider's stock worth $179,000 after acquiring an additional 4,040 shares during the period. FourThought Financial Partners LLC acquired a new stake in Horace Mann Educators during the 1st quarter worth approximately $218,000. Assenagon Asset Management S.A. acquired a new stake in Horace Mann Educators during the 1st quarter worth approximately $275,000. Finally, State of Wyoming lifted its position in Horace Mann Educators by 20.3% during the 4th quarter. State of Wyoming now owns 7,158 shares of the insurance provider's stock worth $281,000 after acquiring an additional 1,209 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $47.65 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average of $43.52 and a two-hundred day moving average of $42.50. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.10 and a beta of 0.27. Horace Mann Educators Corporation has a fifty-two week low of $33.05 and a fifty-two week high of $47.72.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.45. The company had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.Horace Mann Educators's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.40 annualized dividend and a yield of 2.9%. Horace Mann Educators's dividend payout ratio is 41.42%.

Insiders Place Their Bets

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $45.94, for a total transaction of $160,790.00. Following the transaction, the general counsel owned 22,092 shares in the company, valued at $1,014,906.48. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.28, for a total value of $211,400.00. Following the transaction, the chief executive officer owned 302,155 shares in the company, valued at approximately $12,775,113.40. This represents a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock worth $815,340 in the last quarter. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler increased their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Wall Street Zen cut Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the company an "outperform" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.75.

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.

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