Exchange Traded Concepts LLC Has $839,000 Holdings in Horace Mann Educators Corporation $HMN

Exchange Traded Concepts LLC boosted its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,532 shares of the insurance provider’s stock after buying an additional 372 shares during the period. Exchange Traded Concepts LLC’s holdings in Horace Mann Educators were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Horace Mann Educators during the 1st quarter worth about $693,000. Assenagon Asset Management S.A. acquired a new stake in Horace Mann Educators during the 1st quarter worth about $275,000. Victory Capital Management Inc. boosted its position in Horace Mann Educators by 55.1% during the 1st quarter. Victory Capital Management Inc. now owns 33,644 shares of the insurance provider’s stock worth $1,438,000 after acquiring an additional 11,954 shares during the period. GAMMA Investing LLC boosted its position in Horace Mann Educators by 69.5% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 1,106 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Horace Mann Educators during the 1st quarter worth about $371,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HMN has been the subject of a number of research reports. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the stock an “outperform” rating in a research report on Monday, July 28th. Piper Sandler boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Finally, Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Horace Mann Educators Stock Up 0.4%

Shares of HMN stock opened at $46.13 on Wednesday. The stock’s 50 day simple moving average is $44.34 and its 200 day simple moving average is $42.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Corporation has a twelve month low of $34.19 and a twelve month high of $47.81. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.65 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.45. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. During the same period last year, the business earned $0.20 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Horace Mann Educators Corporation will post 3.87 EPS 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. Shareholders of record on Tuesday, September 16th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Horace Mann Educators’s dividend payout ratio (DPR) is 41.42%.

Insider Buying and Selling

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $45.76, for a total value of $228,800.00. Following the completion of the sale, the chief executive officer directly owned 297,155 shares in the company, valued at $13,597,812.80. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,500 shares of company stock worth $815,340 in the last ninety days. Insiders own 3.80% of the company’s stock.

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.