Versor Investments LP Takes $396,000 Position in Horace Mann Educators Corporation $HMN

Versor Investments LP acquired a new stake in shares of Horace Mann Educators Corporation (NYSE:HMN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,209 shares of the insurance provider’s stock, valued at approximately $396,000.

A number of other hedge funds have also made changes to their positions in the stock. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Horace Mann Educators during the 2nd quarter valued at approximately $137,000. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 50.5% during the 2nd quarter. GAMMA Investing LLC now owns 4,059 shares of the insurance provider’s stock valued at $174,000 after purchasing an additional 1,362 shares during the period. US Bancorp DE boosted its stake in Horace Mann Educators by 2,693.3% during the 1st quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 4,040 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Horace Mann Educators during the 2nd quarter valued at approximately $210,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Horace Mann Educators during the 2nd quarter valued at approximately $217,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HMN. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.75.

Insiders Place Their Bets

In related news, General Counsel Donald M. Carley sold 3,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total transaction of $160,790.00. Following the completion of the sale, the general counsel directly owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $44.17, for a total value of $220,850.00. Following the sale, the chief executive officer directly owned 288,788 shares of the company’s stock, valued at $12,755,765.96. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,500 shares of company stock valued at $834,490 over the last ninety days. Insiders own 4.00% of the company’s stock.

Horace Mann Educators Price Performance

Shares of HMN stock opened at $46.82 on Thursday. The stock has a 50 day moving average of $45.32 and a two-hundred day moving average of $43.52. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 12 month low of $36.20 and a 12 month high of $48.33. The company has a market capitalization of $1.91 billion, a P/E ratio of 13.85 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. The business had revenue of $330.60 million during the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%. As a group, equities analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 41.42%.

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.