Barclays PLC Boosts Position in Horace Mann Educators Co. (NYSE:HMN)

Barclays PLC raised its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 336.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,012 shares of the insurance provider’s stock after buying an additional 53,961 shares during the period. Barclays PLC’s holdings in Horace Mann Educators were worth $2,446,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HMN. Quarry LP lifted its holdings in shares of 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 acquiring an additional 899 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares in the last quarter. KBC Group NV boosted its position in shares of Horace Mann Educators by 60.2% in the third 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. nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $59,000. Finally, Point72 DIFC Ltd raised its holdings in shares of Horace Mann Educators by 22.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock valued at $149,000 after buying an additional 829 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

Shares of HMN opened at $39.70 on Thursday. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 15.82 and a beta of 0.30. The business’s 50 day moving average is $40.01 and its two-hundred day moving average is $36.18.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating 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 firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.34 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.43%. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

Insider Activity 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 on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was 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 in the company, valued at $10,886,592.64. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,751 shares of company stock valued at $2,114,775 over the last three months. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HMN shares. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler raised their price target 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. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.67.

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.