Renaissance Technologies LLC Cuts Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Renaissance Technologies LLC reduced its position in Horace Mann Educators Co. (NYSE:HMN) by 49.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,500 shares of the insurance provider’s stock after selling 25,700 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of Horace Mann Educators worth $864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HMN. Arjuna Capital acquired a new stake in Horace Mann Educators during the 1st quarter worth approximately $2,858,000. Hantz Financial Services Inc. acquired a new position in Horace Mann Educators during the 2nd quarter worth approximately $2,037,000. Dimensional Fund Advisors LP boosted its holdings in Horace Mann Educators by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after acquiring an additional 43,064 shares during the period. Russell Investments Group Ltd. grew its position in Horace Mann Educators by 14.2% in the first quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider’s stock valued at $12,548,000 after acquiring an additional 42,308 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of Horace Mann Educators during the first quarter valued at approximately $1,517,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $34.34 on Tuesday. Horace Mann Educators Co. has a twelve month low of $29.49 and a twelve month high of $39.25. 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 company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.01 and a beta of 0.28. The business has a 50 day simple moving average of $34.48 and a 200-day simple moving average of $34.64.

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

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.96%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HMN. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods dropped their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Raymond James started coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Finally, JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.