241,500 Shares in Horace Mann Educators Corporation $HMN Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new position in shares of Horace Mann Educators Corporation (NYSE:HMN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 241,500 shares of the insurance provider’s stock, valued at approximately $10,377,000.

A number of other large investors have also bought and sold shares of the business. American Century Companies Inc. increased its stake in Horace Mann Educators by 66.7% during the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock worth $23,507,000 after purchasing an additional 220,174 shares in the last quarter. Northern Trust Corp increased its stake in Horace Mann Educators by 0.5% during the 1st quarter. Northern Trust Corp now owns 453,155 shares of the insurance provider’s stock worth $19,363,000 after purchasing an additional 2,247 shares in the last quarter. Bragg Financial Advisors Inc grew its stake in shares of Horace Mann Educators by 13.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 450,709 shares of the insurance provider’s stock worth $19,259,000 after acquiring an additional 54,208 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Horace Mann Educators by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 316,926 shares of the insurance provider’s stock worth $13,542,000 after acquiring an additional 3,548 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Horace Mann Educators by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 240,695 shares of the insurance provider’s stock worth $10,285,000 after acquiring an additional 5,978 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $44.81, for a total transaction of $224,050.00. Following the completion of the sale, the chief executive officer owned 293,788 shares of the company’s stock, valued at $13,164,640.28. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel directly owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock valued at $825,040 in the last ninety days. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

HMN has been the subject of several research reports. Piper Sandler raised their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Horace Mann Educators in a research note on Saturday, September 27th. Wall Street Zen cut shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Horace Mann Educators Trading Up 0.5%

NYSE HMN opened at $44.42 on Friday. The company has a market cap of $1.81 billion, a PE ratio of 13.14 and a beta of 0.21. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 12 month low of $34.19 and a 12 month high of $47.81. The stock has a 50 day moving average of $44.95 and a 200-day moving average of $42.96.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.61 by $0.45. The company had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 41.42%.

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.