Vanguard Group Inc. Acquires 7,784 Shares of Horace Mann Educators Co. (NYSE:HMN)

Vanguard Group Inc. grew its stake in Horace Mann Educators Co. (NYSE:HMN) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,085,460 shares of the insurance provider’s stock after purchasing an additional 7,784 shares during the period. Vanguard Group Inc. owned approximately 12.44% of Horace Mann Educators worth $166,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its stake in Horace Mann Educators by 381.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider’s stock worth $4,241,000 after buying an additional 114,380 shares during the last quarter. Jump Financial LLC bought a new stake in Horace Mann Educators during the 4th quarter worth approximately $863,000. Quest Partners LLC acquired a new stake in Horace Mann Educators during the 4th quarter valued at $1,043,000. Envestnet Asset Management Inc. raised its position in Horace Mann Educators by 95.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider’s stock valued at $5,456,000 after purchasing an additional 90,607 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Horace Mann Educators by 19.3% in the third quarter. GSA Capital Partners LLP now owns 39,624 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 6,399 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HMN. Piper Sandler lowered their target price on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. StockNews.com downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.50.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $32.13 on Thursday. The company has a market cap of $1.32 billion, a PE ratio of 20.60 and a beta of 0.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Co. has a 1 year low of $27.81 and a 1 year high of $39.25. The company’s 50-day moving average is $34.54 and its two-hundred day moving average is $34.95.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. The business had revenue of $386.00 million during the quarter, compared to analyst estimates of $398.35 million. Equities analysts anticipate that Horace Mann Educators Co. will post 2.95 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a yield of 4.23%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

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.