Stifel Financial Corp Has $215,000 Holdings in Horace Mann Educators Co. (NYSE:HMN)

Stifel Financial Corp decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 24.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,147 shares of the insurance provider’s stock after selling 1,993 shares during the quarter. Stifel Financial Corp’s holdings in Horace Mann Educators were worth $215,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring 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 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 899 shares during the last quarter. KBC Group NV raised its position in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares during the period. nVerses Capital LLC bought a new position in Horace Mann Educators during the 2nd quarter worth approximately $59,000. Finally, Point72 DIFC Ltd grew its holdings in Horace Mann Educators by 22.2% during the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 829 shares during the period. 99.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 transaction, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 42,117 shares of the company’s stock in a transaction 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 $10,910,538.12. This trade represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,751 shares of company stock valued at $2,114,775 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has an average rating of “Hold” and a consensus price target of $42.67.

Horace Mann Educators Price Performance

HMN stock opened at $39.26 on Monday. The stock has a market cap of $1.60 billion, a PE ratio of 15.64 and a beta of 0.30. The stock has a 50-day moving average price of $40.10 and a two-hundred day moving average price of $36.26. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $293.87 million. During the same quarter last year, the firm earned $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.34 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.46%. Horace Mann Educators’s payout ratio is currently 54.18%.

Horace Mann Educators Profile

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.