Horace Mann Educators Co. (NYSE:HMN) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in Horace Mann Educators Co. (NYSE:HMN) by 38.9% in the third quarter, Holdings Channel reports. The firm owned 11,589 shares of the insurance provider’s stock after selling 7,371 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Horace Mann Educators were worth $405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in shares of Horace Mann Educators by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after acquiring an additional 400 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after purchasing an additional 473 shares during the period. GAMMA Investing LLC increased its stake in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after purchasing an additional 570 shares during the period. Finally, KBC Group NV lifted its position in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Up 1.1 %

Horace Mann Educators stock opened at $41.59 on Tuesday. The firm has a 50-day moving average price of $39.41 and a two-hundred day moving average price of $35.93. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.57 and a beta of 0.30. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Sell-side analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Wall Street Analysts Forecast Growth

HMN has been the topic of several research reports. Piper Sandler increased their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.67.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the company’s 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 sale, the director now directly owns 19,057 shares in the company, valued at $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at approximately $10,910,538.12. The trade was a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock valued at $2,114,775 over the last 90 days. 3.80% of the stock is currently owned by company insiders.

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.