Horace Mann Educators Co. (NYSE:HMN) Short Interest Update

Horace Mann Educators Co. (NYSE:HMN) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 524,200 shares, a decline of 17.5% from the August 15th total of 635,300 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 256,200 shares, the days-to-cover ratio is presently 2.0 days.

Horace Mann Educators Stock Up 0.4 %

Shares of NYSE:HMN traded up $0.12 during trading on Wednesday, reaching $34.20. The stock had a trading volume of 38,005 shares, compared to its average volume of 230,999. Horace Mann Educators has a one year low of $28.49 and a one year high of $39.25. The company has a market capitalization of $1.40 billion, a P/E ratio of 21.85 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. The firm’s 50-day simple moving average is $34.19 and its 200 day simple moving average is $34.66.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. During the same period last year, the firm posted $0.03 EPS. Horace Mann Educators’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Horace Mann Educators will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, September 16th. Horace Mann Educators’s payout ratio is presently 87.18%.

Analyst Ratings Changes

HMN has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Piper Sandler decreased their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Finally, Raymond James started coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target for the company. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC boosted its position in Horace Mann Educators by 6,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after buying an additional 791 shares during the period. Bessemer Group Inc. raised its position in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares during the last quarter. Quarry LP raised its position in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after buying an additional 899 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $35,000. Finally, nVerses Capital LLC purchased a new position in Horace Mann Educators during the 2nd quarter valued at about $59,000. Hedge funds and other institutional investors own 99.28% 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.