Summit Global Investments purchased a new stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,271 shares of the insurance provider's stock, valued at approximately $674,000.
A number of other institutional investors also recently modified their holdings of HMN. Bessemer Group Inc. grew its stake in Horace Mann Educators by 228.9% in the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock valued at $27,000 after buying an additional 483 shares during the last quarter. Quarry LP boosted its holdings in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 899 shares during the period. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Horace Mann Educators in the second quarter worth about $35,000. Finally, nVerses Capital LLC acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth about $59,000. Institutional investors own 99.28% of the company's stock.
In related news, CEO Marita Zuraitis sold 42,117 shares of the business's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares of the company's stock, valued at $10,910,538.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company's stock.
Several research analysts have commented on HMN shares. Keefe, Bruyette & Woods dropped their price target on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. Raymond James assumed coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 target price on the stock. Finally, Piper Sandler increased their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Horace Mann Educators currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
Read Our Latest Stock Report on HMN
Shares of NYSE:HMN opened at $40.79 on Friday. The business's 50 day moving average is $36.04 and its 200-day moving average is $34.90. The company has a current ratio of 0.09, a quick ratio of 0.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.66 billion, a PE ratio of 16.25 and a beta of 0.27. Horace Mann Educators Co. has a 1-year low of $31.53 and a 1-year high of $43.26.
Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Sell-side analysts predict that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Monday, September 16th. Horace Mann Educators's payout ratio is 54.18%.
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.
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