Horace Mann Educators Co. (NYSE:HMN) Sees Large Growth in Short Interest

Horace Mann Educators Co. (NYSE:HMNGet Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 719,300 shares, an increase of 6.8% from the May 15th total of 673,800 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 232,000 shares, the days-to-cover ratio is currently 3.1 days.

Insider Buying and Selling

In other news, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares in the company, valued at approximately $780,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the senior vice president now owns 21,674 shares in the company, valued at approximately $780,264. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of the transaction, the chief executive officer now directly owns 304,483 shares in the company, valued at approximately $11,265,871. The disclosure for this sale can be found here. Insiders sold a total of 6,840 shares of company stock worth $246,876 over the last three months. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in shares of Horace Mann Educators by 20.4% during the third quarter. Victory Capital Management Inc. now owns 8,930 shares of the insurance provider’s stock worth $262,000 after acquiring an additional 1,510 shares during the last quarter. Barclays PLC boosted its stake in Horace Mann Educators by 6.1% in the 3rd quarter. Barclays PLC now owns 24,623 shares of the insurance provider’s stock worth $723,000 after purchasing an additional 1,415 shares in the last quarter. Swiss National Bank increased its stake in Horace Mann Educators by 1.0% during the 3rd quarter. Swiss National Bank now owns 89,800 shares of the insurance provider’s stock valued at $2,638,000 after purchasing an additional 900 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Horace Mann Educators by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider’s stock worth $14,774,000 after buying an additional 30,908 shares during the period. Finally, Pathstone Family Office LLC acquired a new stake in shares of Horace Mann Educators during the third quarter worth $215,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Up 0.9 %

NYSE:HMN traded up $0.30 during trading hours on Wednesday, reaching $33.35. The company’s stock had a trading volume of 334,373 shares, compared to its average volume of 232,625. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $1.37 billion, a P/E ratio of 21.38 and a beta of 0.28. The stock has a 50 day moving average price of $35.11 and a two-hundred day moving average price of $35.00. Horace Mann Educators has a 12 month low of $27.81 and a 12 month high of $39.25.

Horace Mann Educators (NYSE:HMNGet Free Report) last posted its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). The company had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. Equities analysts predict that Horace Mann Educators will post 3.03 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 4.08%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HMN shares. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday. Piper Sandler reduced their price objective on Horace Mann Educators from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.50.

Check Out Our Latest Analysis on Horace Mann Educators

Horace Mann Educators Company Profile

(Get Free Report)

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.

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