Two Sigma Investments LP Cuts Holdings in Horace Mann Educators Co. (NYSE:HMN)

Two Sigma Investments LP trimmed its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,737 shares of the insurance provider's stock after selling 61,526 shares during the quarter. Two Sigma Investments LP owned approximately 0.36% of Horace Mann Educators worth $5,717,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its position in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after purchasing an additional 53,961 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Horace Mann Educators by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 50,407 shares of the insurance provider's stock worth $1,977,000 after purchasing an additional 2,064 shares in the last quarter. KBC Group NV boosted its position in shares of Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after purchasing an additional 707 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Horace Mann Educators by 10.3% in the 4th quarter. Hantz Financial Services Inc. now owns 62,767 shares of the insurance provider's stock worth $2,462,000 after purchasing an additional 5,879 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Horace Mann Educators by 5.1% in the 4th quarter. Empowered Funds LLC now owns 171,378 shares of the insurance provider's stock worth $6,723,000 after purchasing an additional 8,331 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HMN shares. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Wall Street Zen raised Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, Raymond James reissued a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock traded up $0.13 during trading hours on Friday, reaching $43.44. 240,815 shares of the stock traded hands, compared to its average volume of 251,320. The company has a 50 day moving average price of $41.76 and a 200 day moving average price of $40.77. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.52 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $44.44. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

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, topping analysts' consensus estimates of $0.88 by $0.19. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The business had revenue of $416.40 million during the quarter, compared to analyst estimates of $421.40 million. During the same quarter in the prior year, the business posted $0.62 EPS. Horace Mann Educators's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is currently 50.72%.

Horace Mann Educators declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 13th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Bret A. Conklin sold 15,472 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $43.52, for a total value of $673,341.44. Following the sale, the executive vice president now directly owns 55,792 shares of the company's stock, valued at $2,428,067.84. This represents a 21.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares in the company, valued at $584,738.98. This trade represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,016 shares of company stock valued at $1,420,640 in the last ninety days. 4.00% of the stock is owned by company insiders.

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.