Inspire Investing LLC Increases Holdings in Horace Mann Educators Co. (NYSE:HMN)

Inspire Investing LLC boosted its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,673 shares of the insurance provider’s stock after purchasing an additional 968 shares during the quarter. Inspire Investing LLC’s holdings in Horace Mann Educators were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HMN. Deprince Race & Zollo Inc. grew its position in shares of Horace Mann Educators by 8.7% during the 2nd 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 in the last quarter. Arjuna Capital bought a new position in Horace Mann Educators during the 1st quarter worth about $2,858,000. Bank of Montreal Can increased its position in Horace Mann Educators by 476.8% during the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after purchasing an additional 64,087 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at about $2,037,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Horace Mann Educators by 1.7% in 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 during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Stock Down 1.0 %

Horace Mann Educators stock opened at $36.96 on Friday. The business has a fifty day moving average price of $34.84 and a 200-day moving average price of $34.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. Horace Mann Educators Co. has a 1-year low of $30.70 and a 1-year high of $39.25. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.69 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. During the same period last year, the business earned $0.03 EPS. Horace Mann Educators’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that Horace Mann Educators Co. will post 2.63 EPS 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. Shareholders of record on Monday, September 16th were given 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 yield of 3.68%. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HMN. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Piper Sandler upped their price objective on Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Raymond James initiated coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

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.