Jacobs Levy Equity Management Inc. Has $2.68 Million Position in Horace Mann Educators Corporation $HMN

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in Horace Mann Educators Corporation by 220.2% in the first quarter, owning 62,752 shares valued at approximately $2.68 million.
• Horace Mann reported earnings of $1.06 per share for the last quarter, exceeding analysts' expectations of $0.61, with a revenue of $302.60 million.
• The company announced a quarterly dividend of $0.35 per share, translating to an annual yield of 3.0%, which will be paid on September 30th.

Jacobs Levy Equity Management Inc. grew its stake in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 220.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,752 shares of the insurance provider's stock after acquiring an additional 43,153 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.15% of Horace Mann Educators worth $2,681,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HMN. Northern Trust Corp grew its holdings in Horace Mann Educators by 3.3% during the 4th 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 position in shares of Horace Mann Educators by 41.4% in the 4th quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock worth $869,000 after buying an additional 6,483 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Horace Mann Educators in the 4th quarter worth about $255,000. Deutsche Bank AG lifted its position in shares of Horace Mann Educators by 293.0% in the 4th quarter. Deutsche Bank AG now owns 92,035 shares of the insurance provider's stock worth $3,611,000 after buying an additional 68,617 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Horace Mann Educators by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider's stock worth $917,000 after buying an additional 810 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Price Performance

Shares of HMN traded down $0.22 during mid-day trading on Monday, hitting $47.37. The company's stock had a trading volume of 24,033 shares, compared to its average volume of 243,785. The firm has a 50-day moving average price of $43.62 and a 200 day moving average price of $42.57. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 14.01 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Corporation has a fifty-two week low of $33.65 and a fifty-two week 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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to analysts' expectations of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. On average, research analysts predict that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Horace Mann Educators's payout ratio is currently 41.42%.

Wall Street Analysts Forecast Growth

HMN has been the topic of several recent research reports. Wall Street Zen downgraded shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, BMO Capital Markets set a $48.00 price objective on shares of Horace Mann Educators and gave the company an "outperform" rating in a research 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 assigned a Hold rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Insider Activity at Horace Mann Educators

In other news, General Counsel Donald M. Carley sold 3,500 shares of Horace Mann Educators stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel directly owned 22,092 shares of the company's stock, valued at $1,014,906.48. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer directly owned 302,155 shares in the company, valued at approximately $12,775,113.40. This trade represents a 1.63% 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 worth $815,340 in the last ninety days. Corporate insiders own 3.80% of the company's stock.

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.