Sei Investments Co. Has $693,000 Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Sei Investments Co. lifted its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 56.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,247 shares of the insurance provider’s stock after purchasing an additional 7,696 shares during the quarter. Sei Investments Co. owned 0.05% of Horace Mann Educators worth $693,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Horace Mann Educators by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after buying an additional 43,064 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Horace Mann Educators by 1.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock worth $32,575,000 after acquiring an additional 17,620 shares in the last quarter. Bragg Financial Advisors Inc increased its stake in Horace Mann Educators by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock valued at $15,420,000 after acquiring an additional 1,424 shares during the last quarter. Russell Investments Group Ltd. raised its position in Horace Mann Educators by 14.2% during the first quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider’s stock valued at $12,548,000 after purchasing an additional 42,308 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Horace Mann Educators by 8.2% during the first quarter. Empowered Funds LLC now owns 115,672 shares of the insurance provider’s stock worth $4,279,000 after purchasing an additional 8,740 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Piper Sandler boosted their target price on Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. 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, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three equities research 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. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $34.59 on Wednesday. The stock has a 50-day moving average price of $34.48 and a two-hundred day moving average price of $34.63. Horace Mann Educators Co. has a 12 month low of $29.49 and a 12 month high of $39.25. The company has a market capitalization of $1.42 billion, a PE ratio of 22.17 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 (NYSE:HMN) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. During the same quarter last year, the business earned $0.03 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.93%. Horace Mann Educators’s payout ratio is 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.