Horace Mann Educators Co. (NYSE:HMN) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,672 shares of the insurance provider’s stock after acquiring an additional 8,740 shares during the quarter. Empowered Funds LLC’s holdings in Horace Mann Educators were worth $4,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HMN. TFO Wealth Partners LLC increased its stake in Horace Mann Educators by 6,084.6% during the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 791 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Horace Mann Educators during the fourth quarter worth $36,000. FinTrust Capital Advisors LLC grew its stake in shares of Horace Mann Educators by 714.8% in the first quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider’s stock valued at $173,000 after buying an additional 4,103 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Horace Mann Educators in the fourth quarter valued at $213,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Horace Mann Educators in the first quarter valued at $227,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HMN shares. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler dropped their price objective on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Horace Mann Educators Stock Up 0.5 %

NYSE:HMN traded up $0.16 during midday trading on Friday, reaching $33.55. The company had a trading volume of 164,295 shares, compared to its average volume of 246,402. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 21.51 and a beta of 0.28. The stock’s fifty day simple moving average is $33.91 and its 200-day simple moving average is $34.94. Horace Mann Educators Co. has a 12-month low of $27.81 and a 12-month high of $39.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). The company had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 2.95 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is 87.18%.

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.