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

HighTower Advisors LLC boosted its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 67.2% in the third quarter, Holdings Channel reports. The institutional investor owned 14,194 shares of the insurance provider’s stock after acquiring an additional 5,704 shares during the period. HighTower Advisors LLC’s holdings in Horace Mann Educators were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HMN. Quarry LP boosted its position in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after buying an additional 540 shares during the period. Summit Securities Group LLC acquired a new stake in Horace Mann Educators during the second quarter valued at $35,000. 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. Finally, nVerses Capital LLC purchased a new position in Horace Mann Educators in the 2nd quarter valued at about $59,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Trading Up 0.3 %

Shares of Horace Mann Educators stock opened at $39.54 on Friday. The stock has a market cap 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 company has a fifty day simple moving average of $39.70 and a 200-day simple moving average of $36.02. 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 quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, equities analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.44%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the sale, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,751 shares of company stock worth $2,114,775. 3.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on HMN. Piper Sandler increased their price objective 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. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.