Trexquant Investment LP Sells 11,295 Shares of Horace Mann Educators Corporation $HMN

Key Points

• Trexquant Investment LP reduced its stake in Horace Mann Educators Corporation by 60.4%, holding 7,411 shares worth $317,000 by the end of the 1st quarter.
• Horace Mann Educators announced a quarterly dividend of $0.35 per share, with a yield of 3.0%, to be paid on September 30th.
• The company's recent earnings report showed an EPS of $1.06, surpassing estimates and reflecting a 6.1% increase in revenue year-over-year.

Trexquant Investment LP trimmed its position in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 60.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,411 shares of the insurance provider's stock after selling 11,295 shares during the quarter. Trexquant Investment LP's holdings in Horace Mann Educators were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after purchasing an additional 1,106 shares during the period. US Bancorp DE increased its position in Horace Mann Educators by 2,693.3% in the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider's stock worth $179,000 after purchasing an additional 4,040 shares during the period. FourThought Financial Partners LLC acquired a new stake in Horace Mann Educators in the first quarter worth about $218,000. EP Wealth Advisors LLC acquired a new stake in Horace Mann Educators in the fourth quarter worth about $255,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Horace Mann Educators in the first quarter worth about $275,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on HMN shares. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. 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. Finally, BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the stock an "outperform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Horace Mann Educators presently has a consensus rating of "Moderate Buy" and an average target price of $46.75.

Horace Mann Educators Stock Down 1.3%

Shares of HMN traded down $0.61 on Monday, hitting $46.98. The company's stock had a trading volume of 179,878 shares, compared to its average volume of 177,164. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average price is $43.73 and its 200-day moving average price is $42.60. Horace Mann Educators Corporation has a fifty-two week low of $33.65 and a fifty-two week high of $47.81. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.90 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.45. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $425.35 million. During the same period in the previous year, the firm earned $0.20 EPS. Horace Mann Educators's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.35 dividend. The ex-dividend date 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%.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 5,000 shares of the business'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 directly owned 302,155 shares in the company, valued at approximately $12,775,113.40. The trade was a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the business's 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 completion of the transaction, 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 sold a total of 18,500 shares of company stock valued at $815,340 over the last quarter. 3.80% of the stock is owned by insiders.

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.