GAMMA Investing LLC Grows Stake in Horace Mann Educators Corporation $HMN

GAMMA Investing LLC boosted its position in Horace Mann Educators Corporation (NYSE:HMN) by 50.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,059 shares of the insurance provider’s stock after purchasing an additional 1,362 shares during the period. GAMMA Investing LLC’s holdings in Horace Mann Educators were worth $174,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Horace Mann Educators in the 2nd quarter valued at approximately $137,000. Exchange Traded Concepts LLC increased its stake in Horace Mann Educators by 1.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock valued at $839,000 after purchasing an additional 372 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Horace Mann Educators in the 2nd quarter valued at approximately $210,000. Harbor Capital Advisors Inc. increased its position in Horace Mann Educators by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 65,253 shares of the insurance provider’s stock worth $2,804,000 after buying an additional 598 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Horace Mann Educators by 127.4% during the first quarter. Voya Investment Management LLC now owns 43,853 shares of the insurance provider’s stock worth $1,874,000 after buying an additional 24,566 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.28, for a total transaction of $211,400.00. Following the transaction, the chief executive officer owned 302,155 shares in the company, valued at $12,775,113.40. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel owned 22,092 shares in the company, valued at approximately $1,014,906.48. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,500 shares of company stock worth $600,990. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HMN. Piper Sandler raised their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the stock an “outperform” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued 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 price target of $46.75.

Horace Mann Educators Trading Down 1.8%

Shares of HMN opened at $44.98 on Tuesday. The stock’s 50-day moving average is $44.69 and its two-hundred day moving average is $42.90. The stock has a market cap of $1.83 billion, a PE ratio of 13.31 and a beta of 0.27. Horace Mann Educators Corporation has a 12 month low of $34.19 and a 12 month high of $47.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $425.35 million. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts forecast that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators’s payout ratio is currently 41.42%.

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.