Horace Mann Educators Co. (NYSE:HMN) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Horace Mann Educators Co. (NYSE:HMN) by 34.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,748 shares of the insurance provider’s stock after acquiring an additional 5,851 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Horace Mann Educators worth $795,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Horace Mann Educators by 9.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 42,252 shares of the insurance provider’s stock valued at $1,561,000 after purchasing an additional 3,796 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Horace Mann Educators by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock valued at $1,127,000 after acquiring an additional 1,478 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Horace Mann Educators by 270.1% during the second 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 period. Louisiana State Employees Retirement System increased its stake in Horace Mann Educators by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after acquiring an additional 400 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $35,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James initiated coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Piper Sandler lifted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Horace Mann Educators has a consensus rating of “Hold” and an average target price of $42.67.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 12.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares in the company, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,751 shares of company stock worth $1,946,895. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Up 0.1 %

NYSE HMN opened at $41.89 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The business has a 50 day moving average price of $37.91 and a two-hundred day moving average price of $35.31. The stock has a market cap of $1.71 billion, a PE ratio of 16.69 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that Horace Mann Educators Co. will post 2.61 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. Investors of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.25%. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

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.