SG Americas Securities LLC Purchases Shares of 16,216 Horace Mann Educators Corporation (NYSE:HMN)

SG Americas Securities LLC purchased a new stake in Horace Mann Educators Corporation (NYSE:HMN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,216 shares of the insurance provider's stock, valued at approximately $693,000.

A number of other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares in the last quarter. Sterling Capital Management LLC grew its position in Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 1,153 shares during the period. Venturi Wealth Management LLC acquired a new position in Horace Mann Educators during the fourth quarter worth $92,000. GAMMA Investing LLC lifted its holdings in shares of Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock valued at $115,000 after acquiring an additional 1,106 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Horace Mann Educators in the 4th quarter valued at $244,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Shares of HMN traded down $0.29 during mid-day trading on Tuesday, hitting $42.90. 268,370 shares of the company traded hands, compared to its average volume of 248,860. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.54 and a beta of 0.28. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $42.21 and a 200 day moving average of $40.94. Horace Mann Educators Corporation has a one year low of $31.81 and a one year high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.19. The business had revenue of $416.40 million for the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a return on equity of 11.86% and a net margin of 7.04%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, equities analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators declared that its board has authorized a stock buyback plan on Tuesday, May 13th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.26%. Horace Mann Educators's dividend payout ratio is presently 50.72%.

Insider Activity

In related news, Director Beverley J. Mcclure sold 2,816 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now owns 13,643 shares of the company's stock, valued at approximately $584,738.98. This trade represents a 17.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bret A. Conklin sold 4,760 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $42.90, for a total value of $204,204.00. Following the completion of the sale, the executive vice president now owns 58,587 shares of the company's stock, valued at $2,513,382.30. This trade represents a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,014 shares of company stock valued at $2,328,368 in the last ninety days. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.

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.