Dark Forest Capital Management LP purchased a new stake in Horace Mann Educators Co. (NYSE:HMN – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,010 shares of the insurance provider’s stock, valued at approximately $327,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Horace Mann Educators by 869.3% in the 4th quarter. Hsbc Holdings PLC now owns 81,527 shares of the insurance provider’s stock valued at $2,664,000 after buying an additional 73,116 shares during the period. TFO Wealth Partners LLC increased its stake in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 791 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Horace Mann Educators by 1.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock valued at $32,575,000 after purchasing an additional 17,620 shares in the last quarter. Bragg Financial Advisors Inc lifted its stake in Horace Mann Educators by 0.3% during the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of Horace Mann Educators in the 1st quarter valued at $266,000. Institutional investors and hedge funds own 99.28% of the company’s stock.
Horace Mann Educators Stock Performance
Shares of HMN stock opened at $35.53 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $34.38 and its 200-day moving average price is $34.65. Horace Mann Educators Co. has a 12 month low of $28.49 and a 12 month high of $39.25.
Horace Mann Educators Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Monday, September 16th. Horace Mann Educators’s payout ratio is presently 87.18%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on HMN shares. Piper Sandler lowered their price target on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, June 28th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.
Read Our Latest Stock Analysis on HMN
Horace Mann Educators Company 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.
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