Envestnet Portfolio Solutions Inc. Purchases 8,708 Shares of Horace Mann Educators Corporation $HMN

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Horace Mann Educators Corporation by 123.8% during Q2, owning 15,741 shares worth approximately $676,000.
• Horace Mann recently announced a quarterly dividend of $0.35 per share, resulting in an annualized dividend yield of 3.2%.
• Following recent transactions, corporate insiders sold a total of 18,500 shares valued at $825,040 in the last three months, highlighting recent insider activity.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 123.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,741 shares of the insurance provider's stock after buying an additional 8,708 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Horace Mann Educators were worth $676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HMN. GAMMA Investing LLC lifted its holdings in shares of Horace Mann Educators by 69.5% in 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 last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Horace Mann Educators during the second quarter valued at about $137,000. US Bancorp DE grew its stake in shares of Horace Mann Educators by 2,693.3% during the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider's stock valued at $179,000 after buying an additional 4,040 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Horace Mann Educators in the second quarter worth about $210,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.28, for a total value of $211,400.00. Following the completion of the transaction, the chief executive officer owned 302,155 shares in the company, valued at $12,775,113.40. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the completion of the sale, the general counsel directly owned 22,092 shares in the company, valued at approximately $1,014,906.48. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,500 shares of company stock valued at $825,040 in the last three months. Corporate insiders own 3.80% of the company's stock.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $44.29 on Tuesday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.10 and a beta of 0.21. The stock has a fifty day moving average of $45.40 and a 200 day moving average of $43.12. Horace Mann Educators Corporation has a 52 week low of $36.03 and a 52 week high of $47.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. The business had revenue of $330.60 million during the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. As a group, research analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. Horace Mann Educators's dividend payout ratio is 41.42%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HMN. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the stock an "outperform" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Horace Mann Educators in a report on Wednesday, October 8th. Finally, Piper Sandler raised their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to 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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