Horace Mann Educators Co. (NYSE:HMN) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Horace Mann Educators Co. (NYSE:HMN) by 28.7% in the third quarter, HoldingsChannel reports. The fund owned 26,683 shares of the insurance provider’s stock after purchasing an additional 5,953 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Horace Mann Educators were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of HMN. Bessemer Group Inc. lifted its holdings in Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares during the period. Quarry LP lifted its holdings in Horace Mann Educators by 1,798.0% in the second 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 period. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 540 shares during the period. Summit Securities Group LLC acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $35,000. Finally, KBC Group NV raised its stake in shares of Horace Mann Educators by 60.2% during 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. 99.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the sale, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. This trade represents a 22.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This represents a 12.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,751 shares of company stock valued at $1,946,895. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Horace Mann Educators Stock Up 1.0 %

Shares of NYSE:HMN opened at $41.84 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $37.61 and a two-hundred day moving average of $35.22. The stock has a market cap of $1.71 billion, a P/E ratio of 16.60 and a beta of 0.27. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.44 EPS. On average, research analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio 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.