Verition Fund Management LLC Invests $430,000 in Horace Mann Educators Co. (NYSE:HMN)

Verition Fund Management LLC acquired a new position in shares of Horace Mann Educators Co. (NYSE:HMN) in the 3rd quarter, HoldingsChannel reports. The fund acquired 12,310 shares of the insurance provider’s stock, valued at approximately $430,000.

Several other large investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in Horace Mann Educators by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC grew its position in Horace Mann Educators by 2.2% in the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock valued at $729,000 after purchasing an additional 473 shares during the period. GAMMA Investing LLC grew its position in 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 purchasing an additional 540 shares during the period. Nisa Investment Advisors LLC grew its position in Horace Mann Educators by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after purchasing an additional 570 shares during the period. Finally, KBC Group NV grew its position in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 628 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the sale, the chief executive officer now directly owns 300,542 shares in the company, valued at $12,613,747.74. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction on 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 in the company, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,751 shares of company stock worth $2,114,775 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

HMN has been the subject of several research reports. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler lifted their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four research 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 currently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators Price Performance

HMN opened at $41.38 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.49 and a beta of 0.30. The firm’s fifty day moving average price is $39.15 and its two-hundred day moving average price is $35.79. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The firm 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%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. As a group, analysts anticipate that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Monday, December 16th. Horace Mann Educators’s payout ratio is 54.18%.

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.