Voya Investment Management LLC raised its stake in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 127.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,853 shares of the insurance provider's stock after purchasing an additional 24,566 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of Horace Mann Educators worth $1,874,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Horace Mann Educators by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider's stock valued at $917,000 after purchasing an additional 810 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Horace Mann Educators by 1.2% during the 4th quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider's stock valued at $3,408,000 after purchasing an additional 1,022 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Horace Mann Educators by 12.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,246 shares of the insurance provider's stock valued at $5,149,000 after acquiring an additional 14,844 shares in the last quarter. GAMMA Investing LLC increased its position in Horace Mann Educators by 7,143.4% in the first quarter. GAMMA Investing LLC now owns 115,243 shares of the insurance provider's stock worth $49,240,000 after purchasing an additional 113,652 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Horace Mann Educators by 27.1% in the first quarter. Harbor Capital Advisors Inc. now owns 64,655 shares of the insurance provider's stock worth $2,763,000 after purchasing an additional 13,782 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.
Horace Mann Educators Stock Performance
NYSE HMN traded up $0.07 on Monday, reaching $45.91. The stock had a trading volume of 255,443 shares, compared to its average volume of 228,224. The stock has a market cap of $1.87 billion, a P/E ratio of 13.58 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 business's 50-day moving average price is $44.22 and its 200 day moving average price is $42.74. Horace Mann Educators Corporation has a 12-month low of $34.19 and a 12-month high of $47.81.
Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.45. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, equities analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current 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 3.0%. Horace Mann Educators's dividend payout ratio is 41.42%.
Insider Activity
In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $45.76, for a total transaction of $228,800.00. Following the completion of the sale, the chief executive officer directly owned 297,155 shares in the company, valued at $13,597,812.80. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel owned 22,092 shares of the company's stock, valued at $1,014,906.48. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $815,340 over the last 90 days. 3.80% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have commented on HMN. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of 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 objective on Horace Mann Educators and gave the stock an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.75.
View Our Latest Report on Horace Mann Educators
Horace Mann Educators Company Profile
(
Free Report)
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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