Horace Mann Educators Corporation $HMN Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its position in Horace Mann Educators Corporation (NYSE:HMN) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,926 shares of the insurance provider’s stock after acquiring an additional 3,548 shares during the period. Empowered Funds LLC owned approximately 0.43% of Horace Mann Educators worth $7,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 1,106 shares in the last quarter. US Bancorp DE boosted its stake in Horace Mann Educators by 2,693.3% in the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 4,040 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in Horace Mann Educators in the first quarter valued at approximately $218,000. Assenagon Asset Management S.A. acquired a new stake in Horace Mann Educators in the first quarter valued at approximately $275,000. Finally, EP Wealth Advisors LLC acquired a new stake in Horace Mann Educators in the fourth quarter valued at approximately $255,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer directly owned 302,155 shares in the company, valued at $12,775,113.40. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total transaction of $160,790.00. Following the transaction, the general counsel owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $815,340 over the last 90 days. 4.00% of the stock is currently owned by insiders.

Horace Mann Educators Trading Up 0.1%

NYSE HMN opened at $46.52 on Thursday. The company has a market capitalization of $1.89 billion, a PE ratio of 13.76 and a beta of 0.27. The company has a fifty day moving average of $43.42 and a 200 day moving average of $42.45. Horace Mann Educators Corporation has a 1 year low of $33.00 and a 1 year high of $47.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.49% and a return on equity of 14.23%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. Research analysts forecast that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Horace Mann Educators’s payout ratio is currently 41.42%.

Analyst Ratings Changes

HMN has been the subject of several recent analyst reports. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.