Horace Mann Educators Co. (NYSE:HMN) Sees Significant Growth in Short Interest

Horace Mann Educators Co. (NYSE:HMNGet Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 719,300 shares, an increase of 6.8% from the May 15th total of 673,800 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 232,000 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on HMN shares. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday. Piper Sandler reduced their price target on shares of Horace Mann Educators from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.50.

Read Our Latest Stock Analysis on HMN

Insiders Place Their Bets

In other Horace Mann Educators news, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at $780,264. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Horace Mann Educators news, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at $780,264. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 1,250 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the transaction, the chief executive officer now owns 304,483 shares of the company’s stock, valued at $11,265,871. The disclosure for this sale can be found here. Insiders sold a total of 6,840 shares of company stock worth $246,876 over the last ninety days. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in Horace Mann Educators by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock valued at $1,127,000 after acquiring an additional 1,478 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of Horace Mann Educators by 1,041.5% in the first quarter. EntryPoint Capital LLC now owns 8,310 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 7,582 shares during the period. MQS Management LLC bought a new position in shares of Horace Mann Educators in the first quarter valued at approximately $306,000. CANADA LIFE ASSURANCE Co raised its position in shares of Horace Mann Educators by 9.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 42,252 shares of the insurance provider’s stock valued at $1,561,000 after purchasing an additional 3,796 shares during the period. Finally, Arjuna Capital bought a new position in shares of Horace Mann Educators in the first quarter valued at approximately $2,858,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.8 %

Shares of NYSE HMN traded up $0.27 during mid-day trading on Wednesday, reaching $33.32. The company had a trading volume of 334,373 shares, compared to its average volume of 232,625. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 21.38 and a beta of 0.28. The stock has a fifty day moving average of $35.11 and a two-hundred day moving average of $35.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25.

Horace Mann Educators (NYSE:HMNGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. As a group, equities research analysts expect that Horace Mann Educators will post 3.03 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, June 13th. Horace Mann Educators’s payout ratio is presently 87.18%.

Horace Mann Educators Company Profile

(Get Free Report)

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.

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