Victory Capital Management Inc. Decreases Stake in Horace Mann Educators Co. (NYSE:HMN)

Victory Capital Management Inc. decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,385 shares of the insurance provider’s stock after selling 4,186 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Horace Mann Educators worth $747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP grew its stake in shares of 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 purchasing an additional 899 shares during the period. GAMMA Investing LLC grew its position in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares during the period. Summit Securities Group LLC purchased a new position in Horace Mann Educators in the second quarter valued at about $35,000. nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at approximately $59,000. Finally, Point72 DIFC Ltd boosted its stake in shares of Horace Mann Educators by 22.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 829 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

HMN stock opened at $41.84 on Friday. The stock’s 50 day moving average price is $37.76 and its 200 day moving average price is $35.26. The firm has a market cap of $1.71 billion, a P/E ratio of 16.67 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. On average, sell-side analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued 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 dividend yield of 3.25%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Insider Activity

In other news, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares in the company, valued at $10,910,538.12. This trade represents a 12.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,751 shares of company stock valued at $1,946,895 over the last 90 days. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HMN. Piper Sandler raised their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Finally, Raymond James assumed 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 for the company. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Horace Mann Educators currently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators 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.