Horace Mann Educators Corporation $HMN Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Horace Mann Educators Corporation (NYSE:HMN) by 2.0% in the second quarter, HoldingsChannel reports. The firm owned 178,431 shares of the insurance provider’s stock after acquiring an additional 3,505 shares during the quarter. Empowered Funds LLC’s holdings in Horace Mann Educators were worth $7,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $137,000. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 50.5% during the second quarter. GAMMA Investing LLC now owns 4,059 shares of the insurance provider’s stock worth $174,000 after buying an additional 1,362 shares in the last quarter. US Bancorp DE increased its stake in shares of Horace Mann Educators by 2,693.3% during the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock worth $179,000 after buying an additional 4,040 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Horace Mann Educators during the second quarter worth approximately $210,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $217,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock opened at $45.65 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 52 week low of $36.20 and a 52 week high of $48.33. The firm’s 50 day moving average is $45.21 and its two-hundred day moving average is $43.84. The firm has a market capitalization of $1.86 billion, a P/E ratio of 13.51 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. The business had revenue of $330.60 million during the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. Research analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 35.44%.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $44.17, for a total value of $220,850.00. Following the completion of the sale, the chief executive officer directly owned 288,788 shares of the company’s stock, valued at $12,755,765.96. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 1,082 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $45.40, for a total value of $49,122.80. Following the transaction, the director owned 16,733 shares in the company, valued at $759,678.20. This represents a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,582 shares of company stock valued at $883,613. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on HMN. Wall Street Zen cut shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. Finally, BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.