5,981 Shares in Horace Mann Educators Co. (NYSE:HMN) Acquired by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in shares of Horace Mann Educators Co. (NYSE:HMN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,981 shares of the insurance provider’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently added to or reduced their stakes in HMN. Louisiana State Employees Retirement System grew its stake in Horace Mann Educators by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 400 shares in the last quarter. Natixis Advisors LLC grew its stake in Horace Mann Educators by 2.2% during the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after purchasing an additional 473 shares in the last quarter. GAMMA Investing LLC grew its stake in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after purchasing an additional 570 shares in the last quarter. Finally, KBC Group NV grew its stake in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 12.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,751 shares of company stock valued at $2,114,775 over the last three months. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Horace Mann Educators has a consensus rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Stock Performance

HMN opened at $41.59 on Tuesday. The stock has a market cap of $1.70 billion, a P/E ratio of 16.57 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $35.93. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Horace Mann Educators’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

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.