Louisiana State Employees Retirement System Has $689,000 Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Louisiana State Employees Retirement System cut its holdings in Horace Mann Educators Co. (NYSE:HMN) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,700 shares of the insurance provider’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Horace Mann Educators were worth $689,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares during the period. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Quarry LP increased its stake in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. Summit Securities Group LLC acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth about $35,000. Finally, nVerses Capital LLC bought a new stake in Horace Mann Educators during the 2nd quarter valued at approximately $59,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMN has been the topic of several research analyst reports. Piper Sandler raised their price target on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Raymond James started 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 lowered their price target 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. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $37.38 on Tuesday. 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 $1.52 billion, a price-to-earnings ratio of 19.07 and a beta of 0.27. Horace Mann Educators Co. has a 12-month low of $31.53 and a 12-month high of $39.25. The stock has a 50-day simple moving average of $35.50 and a 200 day simple moving average of $34.75.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data 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. The firm had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. On average, research analysts anticipate that Horace Mann Educators Co. will post 2.63 earnings per share for the current fiscal 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 issued a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.64%. Horace Mann Educators’s dividend payout ratio is presently 69.39%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 42,117 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the transaction, the chief executive officer now owns 294,402 shares in the company, valued at $10,910,538.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.