Horace Mann Educators Corporation $HMN Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in Horace Mann Educators Corporation (NYSE:HMN) by 43.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,958 shares of the insurance provider’s stock after purchasing an additional 220,275 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.80% of Horace Mann Educators worth $31,495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS raised its stake in shares of Horace Mann Educators by 52.5% during the second quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the insurance provider’s stock valued at $1,036,000 after purchasing an additional 8,300 shares during the period. First Citizens Bank & Trust Co. bought a new position in Horace Mann Educators during the second quarter worth $514,000. Nuveen LLC bought a new stake in shares of Horace Mann Educators during the 1st quarter valued at about $5,089,000. XTX Topco Ltd bought a new stake in shares of Horace Mann Educators in the 1st quarter worth approximately $371,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Horace Mann Educators by 1.9% during the second quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock valued at $839,000 after acquiring an additional 372 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

HMN stock opened at $43.48 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.10 and a current ratio of 0.10. Horace Mann Educators Corporation has a 52 week low of $36.20 and a 52 week high of $48.33. The firm has a 50 day simple moving average of $45.00 and a 200 day simple moving average of $44.10. The stock has a market cap of $1.77 billion, a P/E ratio of 11.01 and a beta of 0.08.

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

Horace Mann Educators Announces Dividend

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Horace Mann Educators in a report on Friday, October 31st. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 1,082 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $45.40, for a total value of $49,122.80. Following the sale, the director directly owned 16,733 shares in the company, valued at $759,678.20. This trade represents a 6.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Henry Wade Reece sold 1,316 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $45.27, for a total value of $59,575.32. Following the completion of the transaction, the director owned 39,001 shares of the company’s stock, valued at $1,765,575.27. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,398 shares of company stock valued at $921,348 in the last quarter. Company insiders own 4.00% of the company’s stock.

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.