Point72 DIFC Ltd Increases Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Point72 DIFC Ltd raised its position in Horace Mann Educators Co. (NYSE:HMN) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,568 shares of the insurance provider’s stock after acquiring an additional 829 shares during the quarter. Point72 DIFC Ltd’s holdings in Horace Mann Educators were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 16,292 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Horace Mann Educators by 270.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after buying an additional 16,278 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $508,000. Finally, Quantbot Technologies LP purchased a new position in Horace Mann Educators in the first quarter worth approximately $227,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $35.01 on Wednesday. The stock’s 50-day moving average price is $34.40 and its 200 day moving average price is $34.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.43 billion, a PE ratio of 22.44 and a beta of 0.28. Horace Mann Educators Co. has a 52-week low of $28.49 and a 52-week high of $39.25.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share 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 firm had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. During the same period last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 87.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HMN shares. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Piper Sandler lowered their price objective on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Raymond James began coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.