GAMMA Investing LLC Has $32,000 Stock Position in Horace Mann Educators Co. (NYSE:HMN)

GAMMA Investing LLC raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 142.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 920 shares of the insurance provider’s stock after purchasing an additional 540 shares during the period. GAMMA Investing LLC’s holdings in Horace Mann Educators were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Horace Mann Educators by 140.6% during the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after buying an additional 16,292 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Horace Mann Educators by 270.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after acquiring an additional 16,278 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at $636,000. Cornercap Investment Counsel Inc. bought a new position in shares of Horace Mann Educators in the 2nd quarter worth $508,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Horace Mann Educators during the first quarter worth $227,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Down 1.0 %

Horace Mann Educators stock opened at $36.96 on Friday. Horace Mann Educators Co. has a twelve month low of $30.70 and a twelve month high of $39.25. 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 company has a 50 day moving average of $34.84 and a 200-day moving average of $34.62. The stock has a market capitalization of $1.51 billion, a PE ratio of 23.69 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share 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 firm had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Horace Mann Educators Co. will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Analyst Ratings Changes

Several equities analysts have weighed in on HMN shares. Keefe, Bruyette & Woods cut their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Piper Sandler upped their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Raymond James began coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.