HighTower Advisors LLC Boosts Holdings in Horace Mann Educators Co. (NYSE:HMN)

HighTower Advisors LLC boosted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 67.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,194 shares of the insurance provider’s stock after buying an additional 5,704 shares during the quarter. HighTower Advisors LLC’s holdings in Horace Mann Educators were worth $501,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 540 shares during the period. Quarry LP raised its stake in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 899 shares during the period. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $35,000. KBC Group NV boosted its holdings in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators in the 2nd quarter worth $59,000. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Trading Up 0.3 %

Shares of HMN stock opened at $39.54 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.75 and a beta of 0.30. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The stock’s 50-day moving average price is $39.70 and its 200-day moving average price is $36.02.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Equities research analysts predict that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.44%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

Insiders Place Their Bets

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 directly owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock valued at $2,114,775 in the last three months. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HMN shares. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler boosted their price target on Horace Mann Educators from $36.00 to $42.00 and gave the stock 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, the company currently has an average rating of “Hold” and a consensus target price of $42.67.

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.