Oppenheimer Asset Management Inc. Buys 5,855 Shares of Horace Mann Educators Co. (NYSE:HMN)

Oppenheimer Asset Management Inc. grew its stake in Horace Mann Educators Co. (NYSE:HMN) by 22.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,944 shares of the insurance provider’s stock after purchasing an additional 5,855 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of Horace Mann Educators worth $1,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HMN. TFO Wealth Partners LLC raised its stake in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after buying an additional 791 shares in the last quarter. Bessemer Group Inc. boosted its position in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $35,000. nVerses Capital LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $59,000. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Horace Mann Educators by 714.8% during the first quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider’s stock valued at $173,000 after purchasing an additional 4,103 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HMN. Keefe, Bruyette & Woods dropped their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Raymond James initiated coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price for the company. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Finally, Piper Sandler lowered their price objective on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Horace Mann Educators Trading Up 1.1 %

NYSE:HMN opened at $34.59 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 22.17 and a beta of 0.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average price is $34.26 and its 200-day moving average price is $34.65. Horace Mann Educators Co. has a 52 week low of $28.49 and a 52 week high of $39.25.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, equities research analysts forecast that Horace Mann Educators Co. will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Monday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

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.