Hantz Financial Services Inc. Has $1.99 Million Stake in Horace Mann Educators Co. (NYSE:HMN)

Hantz Financial Services Inc. reduced its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,888 shares of the insurance provider’s stock after selling 5,572 shares during the quarter. Hantz Financial Services Inc. owned 0.14% of Horace Mann Educators worth $1,988,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC boosted its stake in shares of Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after buying an additional 540 shares during the period. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter valued at $35,000. KBC Group NV increased its stake in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Horace Mann Educators during the second quarter worth $59,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HMN. Piper Sandler boosted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Finally, Raymond James initiated coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.67.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 sale, the director now directly owns 19,057 shares in the company, valued at $801,918.56. The trade was a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,751 shares of company stock valued at $1,946,895 in the last quarter. Insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Performance

HMN opened at $41.87 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $1.71 billion, a PE ratio of 16.68 and a beta of 0.27. The stock has a 50-day moving average of $38.05 and a 200-day moving average of $35.36. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is 54.18%.

About Horace Mann Educators

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.