Texas Permanent School Fund Corp Grows Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Texas Permanent School Fund Corp raised its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 32.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,462 shares of the insurance provider’s stock after purchasing an additional 11,722 shares during the period. Texas Permanent School Fund Corp owned approximately 0.12% of Horace Mann Educators worth $1,548,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HMN. TFO Wealth Partners LLC raised its position 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 valued at $26,000 after purchasing an additional 791 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after buying an additional 483 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Horace Mann Educators during the second quarter valued at about $35,000. nVerses Capital LLC bought a new position in shares of Horace Mann Educators during the second quarter valued at about $59,000. Finally, FinTrust Capital Advisors LLC grew its stake in shares of Horace Mann Educators by 714.8% during 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 during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HMN shares. Piper Sandler reduced their price objective on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Raymond James initiated coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Horace Mann Educators currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Horace Mann Educators Price Performance

HMN stock opened at $34.23 on Thursday. The firm has a 50 day moving average price of $34.23 and a 200-day moving average price of $34.65. Horace Mann Educators Co. has a 52-week low of $28.49 and a 52-week high of $39.25. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.94 and a beta of 0.28. 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 (NYSE:HMN) last released its 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. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The firm had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.34 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.97%. Horace Mann Educators’s payout ratio is currently 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.