Hodges Capital Management Inc. Takes Position in Horace Mann Educators Corporation $HMN

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMN. Northern Trust Corp lifted its holdings in Horace Mann Educators by 3.3% during the fourth quarter. Northern Trust Corp now owns 450,908 shares of the insurance provider's stock worth $17,689,000 after acquiring an additional 14,543 shares in the last quarter. Jane Street Group LLC lifted its holdings in Horace Mann Educators by 41.4% during the fourth quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock worth $869,000 after acquiring an additional 6,483 shares in the last quarter. Deutsche Bank AG lifted its holdings in Horace Mann Educators by 293.0% during the fourth quarter. Deutsche Bank AG now owns 92,035 shares of the insurance provider's stock worth $3,611,000 after acquiring an additional 68,617 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Horace Mann Educators by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider's stock worth $917,000 after acquiring an additional 810 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Horace Mann Educators by 1.2% during the fourth quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider's stock worth $3,408,000 after acquiring an additional 1,022 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

Insider Activity

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of the business's stock in a transaction that occurred on 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 of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $45.76, for a total value of $228,800.00. Following the transaction, the chief executive officer directly owned 297,155 shares in the company, valued at approximately $13,597,812.80. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock worth $815,340 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Up 0.5%

HMN traded up $0.21 on Wednesday, hitting $45.89. 48,070 shares of the company were exchanged, compared to its average volume of 243,605. Horace Mann Educators Corporation has a 12 month low of $34.08 and a 12 month high of $47.81. The company has a market cap of $1.87 billion, a PE ratio of 13.59 and a beta of 0.27. 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's fifty day moving average is $43.81 and its 200-day moving average is $42.62.

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

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators's dividend payout ratio is presently 41.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HMN shares. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. 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. Finally, Piper Sandler boosted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $46.75.

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.