Horace Mann Educators Co. (NYSE:HMN) Stock Holdings Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 25.9% during the 3rd quarter, Holdings Channel reports. The firm owned 14,264 shares of the insurance provider’s stock after selling 4,989 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Horace Mann Educators were worth $503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after acquiring an additional 16,292 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Horace Mann Educators by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after purchasing an additional 16,278 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Horace Mann Educators during the second quarter worth approximately $508,000. Quantbot Technologies LP acquired a new position in Horace Mann Educators in the first quarter worth approximately $227,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Horace Mann Educators in the second quarter valued at $2,037,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

HMN opened at $37.35 on Friday. Horace Mann Educators Co. has a 12-month low of $31.53 and a 12-month high of $39.25. 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 firm has a market capitalization of $1.52 billion, a P/E ratio of 19.06 and a beta of 0.27. The stock has a fifty day moving average of $35.50 and a 200-day moving average of $34.75.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. During the same period in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts forecast that Horace Mann Educators Co. will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.64%. Horace Mann Educators’s dividend payout ratio is presently 69.39%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their price objective on Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Raymond James assumed coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.