Trexquant Investment LP Makes New Investment in Horace Mann Educators Co. (NYSE:HMN)

Trexquant Investment LP bought a new position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,706 shares of the insurance provider's stock, valued at approximately $734,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after buying an additional 620 shares in the last quarter. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators in the 4th quarter valued at $92,000. KBC Group NV boosted its stake in Horace Mann Educators by 42.3% in the fourth 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. Finally, Captrust Financial Advisors bought a new stake in shares of Horace Mann Educators during the third quarter worth $209,000. 99.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now directly owns 294,324 shares of the company's stock, valued at $10,998,887.88. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 owns 13,643 shares in the company, valued at $584,738.98. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,816 shares of company stock worth $485,624. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HMN. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler boosted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 11th.

Horace Mann Educators Trading Down 0.2 %

Shares of HMN traded down $0.08 during trading hours on Thursday, hitting $40.34. 43,293 shares of the stock traded hands, compared to its average volume of 241,469. The business has a fifty day moving average of $41.34 and a 200-day moving average of $39.71. The firm has a market capitalization of $1.65 billion, a PE ratio of 16.28 and a beta of 0.21. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.69. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is currently 56.45%.

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.