Integrated Investment Consultants LLC Acquires Shares of 5,517 Horace Mann Educators Co. (NYSE:HMN)

Integrated Investment Consultants LLC bought a new position in shares of Horace Mann Educators Co. (NYSE:HMN) during the 4th quarter, Holdings Channel.com reports. The fund bought 5,517 shares of the insurance provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Horace Mann Educators by 67.5% in the 2nd quarter. Victory Capital Management Inc. now owns 25,571 shares of the insurance provider’s stock valued at $834,000 after buying an additional 10,302 shares in the last quarter. American Century Companies Inc. increased its stake in Horace Mann Educators by 5.1% in the second quarter. American Century Companies Inc. now owns 93,816 shares of the insurance provider’s stock valued at $3,060,000 after acquiring an additional 4,543 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Horace Mann Educators by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after purchasing an additional 43,064 shares in the last quarter. Inspire Investing LLC lifted its stake in Horace Mann Educators by 10.5% during the second quarter. Inspire Investing LLC now owns 10,705 shares of the insurance provider’s stock worth $349,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Horace Mann Educators in the 2nd quarter valued at $551,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HMN shares. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler increased their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Hold” and an average price target of $42.67.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $38.19 on Friday. The stock has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $36.81. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a market capitalization of $1.56 billion, a PE ratio of 15.21 and a beta of 0.31. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.56%. Horace Mann Educators’s payout ratio is 54.18%.

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction that occurred on Monday, November 11th. The stock was 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 directly owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,451 shares of company stock valued at $819,579 in the last three months. Insiders own 3.80% 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.