Natixis Advisors LLC Purchases 473 Shares of Horace Mann Educators Co. (NYSE:HMN)

Natixis Advisors LLC grew its position in Horace Mann Educators Co. (NYSE:HMN) by 2.2% in the second quarter, HoldingsChannel.com reports. The fund owned 22,333 shares of the insurance provider’s stock after buying an additional 473 shares during the quarter. Natixis Advisors LLC’s holdings in Horace Mann Educators were worth $729,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Horace Mann Educators by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,474 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 544 shares in the last quarter. Natixis Advisors L.P. increased its stake in shares of Horace Mann Educators by 5.5% in the 4th quarter. Natixis Advisors L.P. now owns 20,914 shares of the insurance provider’s stock valued at $683,000 after buying an additional 1,096 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Horace Mann Educators by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after acquiring an additional 20,706 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Horace Mann Educators by 97.7% during the fourth quarter. Teacher Retirement System of Texas now owns 18,242 shares of the insurance provider’s stock valued at $597,000 after acquiring an additional 9,014 shares during the period. Finally, Jump Financial LLC bought a new position in Horace Mann Educators in the fourth quarter valued at about $863,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 1.5 %

Shares of NYSE HMN opened at $33.66 on Friday. Horace Mann Educators Co. has a 52-week low of $28.27 and a 52-week high of $39.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $1.38 billion, a P/E ratio of 21.58 and a beta of 0.28. The firm has a 50 day moving average price of $34.12 and a 200 day moving average price of $34.72.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.34 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.04%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. 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 report on Friday, June 28th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

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.