Trexquant Investment LP Has $317,000 Stock Holdings in 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 lowered its holdings in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake 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 in the last quarter. US Bancorp DE boosted its stake 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 in the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Horace Mann Educators during the first quarter worth $218,000. Assenagon Asset Management S.A. bought a new stake in shares of Horace Mann Educators during the first quarter worth $275,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Horace Mann Educators during the fourth quarter worth $255,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Trading Down 0.1%

NYSE:HMN traded down $0.03 during mid-day trading on Friday, hitting $47.54. The company had a trading volume of 215,391 shares, compared to its average volume of 179,688. Horace Mann Educators Corporation has a fifty-two week low of $33.65 and a fifty-two week high of $47.81. The business's fifty day moving average is $43.62 and its two-hundred day moving average is $42.54. 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 firm has a market cap of $1.93 billion, a P/E ratio of 14.07 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share 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 firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $425.35 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators's dividend payout ratio is 41.42%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. 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. Finally, Wall Street Zen downgraded Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.75.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $45.76, for a total value 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 Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the 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 completion of the sale, the general counsel 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 disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock valued at $815,340 over the last 90 days. Corporate insiders own 4.00% 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.