Point72 Asia Singapore Pte. Ltd. Sells 2,621 Shares of Horace Mann Educators Co. (NYSE:HMN)

Point72 Asia Singapore Pte. Ltd. lessened its stake in Horace Mann Educators Co. (NYSE:HMN) by 63.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,489 shares of the insurance provider’s stock after selling 2,621 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Horace Mann Educators were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP lifted its stake in shares of Horace Mann Educators by 1,798.0% in the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the period. The Manufacturers Life Insurance Company raised its stake in Horace Mann Educators by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the insurance provider’s stock worth $697,000 after buying an additional 710 shares during the period. Dark Forest Capital Management LP acquired a new position in Horace Mann Educators during the 2nd quarter worth approximately $327,000. Deprince Race & Zollo Inc. raised its stake in Horace Mann Educators by 8.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after buying an additional 86,766 shares during the period. Finally, Earnest Partners LLC raised its stake in Horace Mann Educators by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after buying an additional 26,736 shares during the period. Institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HMN shares. Piper Sandler upped their price target on Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Raymond James started 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 on the stock. Finally, Keefe, Bruyette & Woods dropped their price target on 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. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Horace Mann Educators has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Horace Mann Educators Stock Performance

Shares of HMN opened at $35.88 on Friday. 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 stock has a 50 day moving average price of $34.47 and a two-hundred day moving average price of $34.66. The firm has a market capitalization of $1.47 billion, a P/E ratio of 23.00 and a beta of 0.28. Horace Mann Educators Co. has a 52 week low of $28.49 and a 52 week high of $39.25.

Horace Mann Educators (NYSE:HMN) last released its 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 company had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. Horace Mann Educators’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Equities analysts forecast that Horace Mann Educators Co. will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

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.