Atria Investments Inc Purchases Shares of 6,346 Horace Mann Educators Corporation $HMN

Atria Investments Inc acquired a new stake in Horace Mann Educators Corporation (NYSE:HMN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,346 shares of the insurance provider’s stock, valued at approximately $273,000.

A number of other large investors have also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Horace Mann Educators during the 2nd quarter worth about $137,000. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 50.5% during the 2nd quarter. GAMMA Investing LLC now owns 4,059 shares of the insurance provider’s stock valued at $174,000 after acquiring an additional 1,362 shares in the last quarter. US Bancorp DE lifted its position in shares of Horace Mann Educators by 2,693.3% in the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 4,040 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Horace Mann Educators during the second quarter worth approximately $210,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Horace Mann Educators in the 2nd quarter valued at about $217,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $45.58 on Thursday. 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 one year low of $36.20 and a one year high of $48.33. The company has a market capitalization of $1.85 billion, a PE ratio of 13.48 and a beta of 0.21. The stock has a fifty day moving average of $45.27 and a 200-day moving average of $43.70.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. The business had revenue of $330.60 million for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. As a group, equities analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s payout ratio is presently 35.44%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HMN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $44.17, for a total transaction of $220,850.00. Following the transaction, the chief executive officer directly owned 288,788 shares in the company, valued at $12,755,765.96. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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 trade represents a 13.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,500 shares of company stock valued at $834,490. 4.00% of the stock is owned by corporate insiders.

Horace Mann Educators 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.