Jane Street Group LLC Lowers Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Jane Street Group LLC decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 66.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,665 shares of the insurance provider’s stock after selling 30,594 shares during the period. Jane Street Group LLC’s holdings in Horace Mann Educators were worth $547,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HMN. Dimensional Fund Advisors LP increased its holdings in shares of Horace Mann Educators by 1.7% in 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 during the period. State Street Corp increased its holdings in shares of Horace Mann Educators by 1.3% in the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after buying an additional 20,771 shares during the period. Earnest Partners LLC increased its holdings in shares of Horace Mann Educators by 1.9% in the second 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. Deprince Race & Zollo Inc. increased its holdings in shares of Horace Mann Educators by 8.7% in the second 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, Charles Schwab Investment Management Inc. increased its holdings in shares of Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after buying an additional 6,254 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.8 %

Shares of NYSE:HMN opened at $38.99 on Monday. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The company has a market cap of $1.59 billion, a PE ratio of 15.53 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50-day moving average is $40.31 and its 200 day moving average is $36.49.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the previous year, the business earned $0.44 EPS. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Horace Mann Educators Co. will post 2.58 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Wall Street Analyst Weigh In

HMN has been the topic of several analyst reports. Piper Sandler lifted their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Hold” and an average target price of $42.67.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,751 shares of company stock valued at $2,114,775. 3.80% of the stock is currently owned by company insiders.

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.