Quantbot Technologies LP Makes New $560,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Quantbot Technologies LP bought a new stake in shares of Horace Mann Educators Co. (NYSE:HMN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,011 shares of the insurance provider’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP increased its position in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC raised its stake in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Horace Mann Educators in the second quarter worth about $35,000. KBC Group NV boosted its position in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $59,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HMN. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Raymond James assumed 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 on the stock. Finally, Piper Sandler increased their price target on shares of 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Trading Down 1.8 %

Horace Mann Educators stock opened at $41.12 on Tuesday. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.68 and a beta of 0.27. The business’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $35.36. 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 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 the consensus estimate 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 for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. As a group, equities analysts predict that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,751 shares of company stock valued at $1,946,895. 3.80% of the stock is owned by corporate insiders.

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.