Intech Investment Management LLC Has $1.51 Million Holdings in Horace Mann Educators Corporation $HMN

Intech Investment Management LLC lifted its holdings in Horace Mann Educators Corporation (NYSE:HMN) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,075 shares of the insurance provider’s stock after purchasing an additional 2,735 shares during the quarter. Intech Investment Management LLC’s holdings in Horace Mann Educators were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Horace Mann Educators in the 2nd quarter valued at $137,000. GAMMA Investing LLC boosted its stake in shares of Horace Mann Educators by 50.5% during the 2nd quarter. GAMMA Investing LLC now owns 4,059 shares of the insurance provider’s stock worth $174,000 after buying an additional 1,362 shares during the last quarter. US Bancorp DE grew its holdings in shares of Horace Mann Educators by 2,693.3% in the 1st 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. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $210,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $217,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on HMN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Horace Mann Educators Stock Performance

HMN opened at $46.46 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 12-month low of $36.20 and a 12-month high of $48.33. The business has a 50 day moving average of $45.15 and a 200-day moving average of $43.90. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.75 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The business had revenue of $330.60 million for the quarter. On average, equities research analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 35.44%.

Insider Activity

In related news, CEO Marita Zuraitis sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $44.17, for a total value of $220,850.00. Following the transaction, the chief executive officer owned 288,788 shares in the company, valued at approximately $12,755,765.96. This represents a 1.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 1,082 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $45.40, for a total transaction of $49,122.80. Following the completion of the transaction, the director directly owned 16,733 shares in the company, valued at approximately $759,678.20. This represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,082 shares of company stock valued at $722,823 in the last ninety days. 4.00% of the stock is currently owned by 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.