Horace Mann Educators Corporation $HMN Position Reduced by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,859 shares of the insurance provider’s stock after selling 2,392 shares during the quarter. Hantz Financial Services Inc. owned 0.16% of Horace Mann Educators worth $2,787,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 69.5% during the first 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 in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $137,000. US Bancorp DE increased its holdings in shares of Horace Mann Educators by 2,693.3% in the 1st quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 4,040 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $210,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $217,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HMN. BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a report on Friday. Finally, Wall Street Zen lowered shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Horace Mann Educators Stock Performance

Shares of HMN opened at $44.72 on Friday. The company’s fifty day moving average is $45.32 and its 200-day moving average is $43.39. Horace Mann Educators Corporation has a 12 month low of $36.20 and a 12 month high of $47.81. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 13.23 and a beta of 0.21. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. The company had revenue of $330.60 million for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. Equities analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio is presently 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 that occurred on Wednesday, October 1st. The stock was sold at an average price of $44.81, for a total transaction of $224,050.00. Following the completion of the sale, the chief executive officer owned 293,788 shares of the company’s stock, valued at $13,164,640.28. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel directly owned 22,092 shares of the company’s stock, valued at $1,014,906.48. The trade was a 13.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,500 shares of company stock valued at $613,640 in the last ninety days. Company insiders own 4.00% of the company’s stock.

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.