Financiere des Professionnels Fonds d investissement inc. Takes Position in Horace Mann Educators Corporation $HMN

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Horace Mann Educators Corporation (NYSE:HMN) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,177 shares of the insurance provider’s stock, valued at approximately $137,000.

Several other large investors have also made changes to their positions in HMN. American Century Companies Inc. boosted its holdings in Horace Mann Educators by 66.7% in the first quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock valued at $23,507,000 after acquiring an additional 220,174 shares during the last quarter. Nuveen LLC acquired a new position in Horace Mann Educators during the 1st quarter valued at about $5,089,000. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 7,143.4% during the 1st quarter. GAMMA Investing LLC now owns 115,243 shares of the insurance provider’s stock worth $49,240,000 after buying an additional 113,652 shares during the period. Hodges Capital Management Inc. acquired a new stake in shares of Horace Mann Educators during the 1st quarter worth approximately $3,069,000. Finally, Jane Street Group LLC raised its stake in shares of Horace Mann Educators by 313.8% during the first quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider’s stock worth $3,916,000 after buying an additional 69,492 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Piper Sandler upped their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Horace Mann Educators Stock Performance

Shares of HMN opened at $45.81 on Friday. The company has a market cap of $1.86 billion, a PE ratio of 13.55 and a beta of 0.27. The firm has a 50-day moving average of $44.12 and a 200-day moving average of $42.70. Horace Mann Educators Corporation has a one year low of $34.19 and a one year high of $47.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last issued its 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 business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. During the same period last year, the business posted $0.20 EPS. Horace Mann Educators’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators’s payout ratio is currently 41.42%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.28, for a total value of $211,400.00. Following the transaction, the chief executive officer directly owned 302,155 shares in the company, valued at $12,775,113.40. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.94, for a total transaction of $160,790.00. Following the completion of the transaction, the general counsel directly owned 22,092 shares in the company, valued at $1,014,906.48. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock worth $815,340 over the last three months. 4.00% of the stock is owned by 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.