Edgestream Partners L.P. Buys New Position in Horace Mann Educators Corporation $HMN

Edgestream Partners L.P. purchased a new position in Horace Mann Educators Corporation (NYSE:HMN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,841 shares of the insurance provider’s stock, valued at approximately $595,000.

Other hedge funds have also added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new position in Horace Mann Educators in the 2nd quarter worth $10,377,000. American Century Companies Inc. raised its stake in Horace Mann Educators by 66.7% in the first quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock worth $23,507,000 after buying an additional 220,174 shares in the last quarter. Nuveen LLC bought a new position in Horace Mann Educators in the first quarter worth about $5,089,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Horace Mann Educators by 159.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 119,335 shares of the insurance provider’s stock worth $5,128,000 after buying an additional 73,283 shares during the period. Finally, Hodges Capital Management Inc. bought a new stake in Horace Mann Educators during the 1st quarter valued at approximately $3,069,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Beverley J. Mcclure sold 1,082 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $45.40, for a total transaction of $49,122.80. Following the completion of the sale, the director owned 16,733 shares of the company’s stock, valued at $759,678.20. This trade represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark R. Desrochers sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $47.00, for a total value of $141,000.00. Following the completion of the transaction, the senior vice president directly owned 20,556 shares in the company, valued at $966,132. This trade represents a 12.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,398 shares of company stock valued at $921,348 over the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $43.48 on Friday. Horace Mann Educators Corporation has a twelve month low of $36.20 and a twelve month high of $48.33. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.77 billion, a P/E ratio of 11.01 and a beta of 0.08. The stock’s 50 day moving average is $45.00 and its 200 day moving average is $44.10.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Horace Mann Educators had a return on equity of 15.69% and a net margin of 9.79%.The business had revenue of $330.60 million during the quarter. On average, equities research analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, December 15th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 35.44%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.