Martingale Asset Management L P Acquires 4,043 Shares of Horace Mann Educators Co. (NYSE:HMN)

Martingale Asset Management L P increased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,054 shares of the insurance provider’s stock after purchasing an additional 4,043 shares during the quarter. Martingale Asset Management L P’s holdings in Horace Mann Educators were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Quarry LP lifted its stake in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 899 shares during the period. GAMMA Investing LLC lifted its position in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the period. Summit Securities Group LLC purchased a new stake in Horace Mann Educators in the second quarter worth approximately $35,000. KBC Group NV grew its position in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the 2nd quarter valued at $59,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Performance

Shares of HMN opened at $41.87 on Monday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.68 and a beta of 0.27. The business has a 50-day simple moving average of $38.05 and a two-hundred day simple moving average of $35.36.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. On average, analysts expect that Horace Mann Educators Co. will post 2.61 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HMN. Piper Sandler raised their price target on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Raymond James assumed coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target for the company. Finally, Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.67.

Insiders Place Their Bets

In related news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the transaction, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,751 shares of company stock worth $1,946,895. Corporate insiders own 3.80% of the company’s stock.

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.