Laurion Capital Management LP Takes $271,000 Position in Horace Mann Educators Co. (HMN)
Laurion Capital Management LP acquired a new stake in Horace Mann Educators Co. (NYSE:HMN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,036 shares of the insurance provider’s stock, valued at approximately $271,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eaton Vance Management grew its stake in shares of Horace Mann Educators by 3.2% in the third quarter. Eaton Vance Management now owns 339,022 shares of the insurance provider’s stock valued at $15,222,000 after buying an additional 10,652 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Horace Mann Educators by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,451,244 shares of the insurance provider’s stock valued at $154,961,000 after purchasing an additional 32,370 shares in the last quarter. BlackRock Inc. grew its stake in Horace Mann Educators by 4.2% during the 3rd quarter. BlackRock Inc. now owns 5,877,294 shares of the insurance provider’s stock valued at $263,890,000 after purchasing an additional 239,090 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its stake in Horace Mann Educators by 37.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 22,675 shares of the insurance provider’s stock valued at $1,018,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Horace Mann Educators by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 868,862 shares of the insurance provider’s stock valued at $39,013,000 after purchasing an additional 16,724 shares in the last quarter. Institutional investors own 99.30% of the company’s stock.
Shares of NYSE HMN opened at $37.68 on Friday. Horace Mann Educators Co. has a fifty-two week low of $37.02 and a fifty-two week high of $47.50. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 24.47 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be paid a dividend of $0.285 per share. The ex-dividend date is Friday, December 14th. This represents a $1.14 dividend on an annualized basis and a yield of 3.03%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 65.52%.
In other Horace Mann Educators news, insider Sandra L. Figurski sold 2,638 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $46.05, for a total transaction of $121,479.90. Following the completion of the sale, the insider now owns 6,441 shares in the company, valued at approximately $296,608.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steve Hassenmiller sold 3,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $40.39, for a total value of $121,170.00. Following the transaction, the director now directly owns 27,664 shares in the company, valued at approximately $1,117,348.96. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
HMN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th.
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Horace Mann Educators Company Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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