26,262 Shares in Horace Mann Educators Corporation (NYSE:HMN) Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,262 shares of the insurance provider's stock, valued at approximately $1,122,000. Tectonic Advisors LLC owned about 0.06% of Horace Mann Educators at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in Horace Mann Educators by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after purchasing an additional 1,153 shares during the last quarter. GAMMA Investing LLC grew its stake 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 valued at $115,000 after buying an additional 1,106 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Horace Mann Educators in the 4th quarter valued at about $244,000. EP Wealth Advisors LLC acquired a new stake in shares of Horace Mann Educators in the 4th quarter valued at about $255,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Horace Mann Educators in the 1st quarter valued at about $275,000. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HMN has been the subject of a number of analyst reports. Wall Street Zen downgraded Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Finally, Piper Sandler boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.33.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $41.40, for a total transaction of $207,000.00. Following the sale, the chief executive officer owned 315,451 shares in the company, valued at approximately $13,059,671.40. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bret A. Conklin sold 15,472 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $43.52, for a total transaction of $673,341.44. Following the completion of the transaction, the executive vice president directly owned 55,792 shares in the company, valued at approximately $2,428,067.84. This represents a 21.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,198 shares of company stock worth $2,206,575. 4.00% of the stock is owned by corporate insiders.

Horace Mann Educators Price Performance

HMN traded down $0.06 during trading on Friday, reaching $41.25. The stock had a trading volume of 38,283 shares, compared to its average volume of 249,284. The business has a 50-day moving average of $42.49 and a 200-day moving average of $41.12. Horace Mann Educators Corporation has a one year low of $31.95 and a one year high of $44.44. The stock has a market cap of $1.68 billion, a PE ratio of 14.93 and a beta of 0.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its 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 firm had revenue of $416.40 million during the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. The business's revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. As a group, equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.39%. Horace Mann Educators's payout ratio is 50.72%.

Horace Mann Educators declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

About Horace Mann Educators

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.