Horace Mann Educators Co. (NYSE:HMN) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its stake in Horace Mann Educators Co. (NYSE:HMN) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,705 shares of the insurance provider’s stock after purchasing an additional 1,015 shares during the quarter. Inspire Investing LLC’s holdings in Horace Mann Educators were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HMN. Dimensional Fund Advisors LP increased its position in Horace Mann Educators by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after purchasing an additional 43,064 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 valued at $32,575,000 after purchasing an additional 17,620 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Horace Mann Educators by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after buying an additional 20,706 shares in the last quarter. Bragg Financial Advisors Inc boosted its position in Horace Mann Educators by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock valued at $15,420,000 after buying an additional 1,424 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of 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 acquiring an additional 42,308 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $35.39 on Tuesday. 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 $1.45 billion, a price-to-earnings ratio of 22.69 and a beta of 0.28. Horace Mann Educators Co. has a twelve month low of $28.49 and a twelve month high of $39.25. The business has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $34.63.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $388.10 million for the quarter, compared to the consensus estimate of $288.67 million. During the same quarter last year, the business posted $0.03 EPS. The business’s revenue was up 8.9% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.84%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HMN shares. Keefe, Bruyette & Woods reduced 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. Raymond James began coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price for the company. Piper Sandler dropped their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.67.

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.