Versor Investments LP Purchases New Shares in Horace Mann Educators Co. (NYSE:HMN)

Versor Investments LP purchased a new stake in Horace Mann Educators Co. (NYSE:HMN – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,600 shares of the insurance provider’s stock, valued at approximately $268,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Horace Mann Educators by 383.7% in the 2nd quarter. Assetmark Inc. now owns 1,040 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 825 shares during the period. Ronald Blue Trust Inc. bought a new stake in Horace Mann Educators in the 2nd quarter valued at $74,000. First Horizon Advisors Inc. bought a new stake in Horace Mann Educators in the 2nd quarter valued at $78,000. Point72 Hong Kong Ltd bought a new stake in Horace Mann Educators in the 2nd quarter valued at $83,000. Finally, KBC Group NV bought a new stake in Horace Mann Educators in the 2nd quarter valued at $128,000.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $37.19 on Tuesday. The stock has a fifty day moving average price of $37.62 and a 200-day moving average price of $36.93. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 27.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.10 and a current ratio of 0.10. Horace Mann Educators Co. has a fifty-two week low of $32.60 and a fifty-two week high of $42.95.

Horace Mann Educators (NYSE:HMN – Get Rating) last released its earnings results on Thursday, November 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The firm had revenue of $343.00 million during the quarter, compared to the consensus estimate of $351.85 million. Horace Mann Educators had a return on equity of 6.67% and a net margin of 4.12%. As a group, equities analysts anticipate that Horace Mann Educators Co. will post 1.73 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 3.44%. Horace Mann Educators’s dividend payout ratio is currently 95.52%.

Insider Buying and Selling

In related news, EVP Matthew P. Sharpe sold 3,500 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $37.66, for a total transaction of $131,810.00. Following the completion of the sale, the executive vice president now directly owns 60,870 shares in the company, valued at approximately $2,292,364.20. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 11,060 shares of company stock worth $418,246 in the last ninety days. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Horace Mann Educators in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

About Horace Mann Educators

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.