GAMMA Investing LLC Purchases 671 Shares of Horace Mann Educators Co. (NYSE:HMN)

GAMMA Investing LLC grew its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 72.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,591 shares of the insurance provider’s stock after purchasing an additional 671 shares during the period. GAMMA Investing LLC’s holdings in Horace Mann Educators were worth $62,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Horace Mann Educators by 67.5% in the second quarter. Victory Capital Management Inc. now owns 25,571 shares of the insurance provider’s stock valued at $834,000 after purchasing an additional 10,302 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Horace Mann Educators by 37.4% during the 2nd quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock valued at $193,000 after buying an additional 1,611 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Horace Mann Educators by 32.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 47,462 shares of the insurance provider’s stock worth $1,548,000 after buying an additional 11,722 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Horace Mann Educators by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 93,816 shares of the insurance provider’s stock worth $3,060,000 after acquiring an additional 4,543 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter valued at $508,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Trading Down 3.1 %

NYSE HMN opened at $36.59 on Monday. The stock has a market cap of $1.49 billion, a P/E ratio of 14.58 and a beta of 0.31. The stock has a 50 day simple moving average of $40.34 and a two-hundred day simple moving average of $36.65. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. 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 (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same period last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that Horace Mann Educators Co. will post 2.58 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now directly owns 16,352 shares of the company’s stock, valued at $627,262.72. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,568 shares of company stock worth $2,380,435. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HMN has been the subject of several recent research reports. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler lifted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Horace Mann Educators has an average 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.