8,688 Shares in Horace Mann Educators Corporation (NYSE:HMN) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired a stake in Horace Mann Educators, purchasing 8,688 shares valued at approximately $371,000 during the first quarter.
• Horace Mann Educators recently declared a quarterly dividend of $0.35, resulting in an annualized yield of 3.2%, alongside a share buyback plan authorization worth $50 million.
• Analysts have set a consensus rating of "Moderate Buy" for Horace Mann Educators with an average target price of $46.75.

XTX Topco Ltd acquired a new stake in Horace Mann Educators Corporation (NYSE:HMN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,688 shares of the insurance provider's stock, valued at approximately $371,000.

Several other hedge funds also recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in shares of Horace Mann Educators by 806.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 1,153 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 last quarter. FourThought Financial Partners LLC bought a new position in shares of Horace Mann Educators during the 1st quarter worth approximately $218,000. Assenagon Asset Management S.A. purchased a new position in shares of Horace Mann Educators in the 1st quarter worth approximately $275,000. Finally, EP Wealth Advisors LLC bought a new stake in Horace Mann Educators during the fourth quarter worth $255,000. Institutional investors own 99.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an "outperform" rating in a research report on Monday, July 28th. Piper Sandler raised their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.75.

Horace Mann Educators Stock Performance

NYSE HMN traded up $0.61 during trading on Tuesday, hitting $44.58. 214,947 shares of the company's stock traded hands, compared to its average volume of 273,203. 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 stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.19 and a beta of 0.27. Horace Mann Educators Corporation has a 12-month low of $33.00 and a 12-month high of $44.67. The business has a 50 day moving average of $42.17 and a 200-day moving average of $41.65.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.49% and a return on equity of 14.23%. The company had revenue of $302.60 million for the quarter, compared to analyst estimates of $425.35 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.35 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.40 annualized dividend and a yield of 3.1%. Horace Mann Educators's dividend payout ratio (DPR) is currently 41.42%.

Horace Mann Educators declared that its board has approved a share buyback plan on Tuesday, May 13th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the insurance provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Victor Fetter purchased 3,500 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of $44.03 per share, with a total value of $154,105.00. Following the completion of the acquisition, the director owned 14,655 shares in the company, valued at $645,259.65. This trade represents a 31.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bret A. Conklin sold 15,472 shares of the company's stock in a transaction on 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 owned 55,792 shares of the company's stock, valued at $2,428,067.84. This trade represents a 21.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,198 shares of company stock worth $2,210,975 in the last quarter. 3.80% of the stock is owned by company insiders.

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.