Dark Forest Capital Management LP Invests $327,000 in Horace Mann Educators Co. (NYSE:HMN)

Dark Forest Capital Management LP purchased a new stake in Horace Mann Educators Co. (NYSE:HMN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,010 shares of the insurance provider’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Horace Mann Educators by 869.3% in the 4th quarter. Hsbc Holdings PLC now owns 81,527 shares of the insurance provider’s stock valued at $2,664,000 after buying an additional 73,116 shares during the period. TFO Wealth Partners LLC increased its stake in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 791 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Horace Mann Educators by 1.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock valued at $32,575,000 after purchasing an additional 17,620 shares in the last quarter. Bragg Financial Advisors Inc lifted its stake in Horace Mann Educators by 0.3% during the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of Horace Mann Educators in the 1st quarter valued at $266,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $35.53 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 22.78 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 business’s 50-day moving average price is $34.38 and its 200-day moving average price is $34.65. Horace Mann Educators Co. has a 12 month low of $28.49 and a 12 month high of $39.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. Equities research analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Monday, September 16th. Horace Mann Educators’s payout ratio is presently 87.18%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HMN shares. Piper Sandler lowered their price target on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, June 28th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

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.