Horace Mann Educators Co. (NYSE:HMN) Short Interest Down 29.5% in September

Horace Mann Educators Co. (NYSE:HMN) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 369,500 shares, a decline of 29.5% from the August 31st total of 524,200 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 254,500 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Ratings Changes

HMN has been the subject of a number of research analyst reports. Raymond James started coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target for the company. Keefe, Bruyette & Woods reduced their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Finally, Piper Sandler lowered their target price on shares of 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 analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Horace Mann Educators has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Horace Mann Educators Trading Down 0.6 %

HMN stock traded down $0.20 during midday trading on Friday, reaching $35.54. 331,946 shares of the company’s stock traded hands, compared to its average volume of 239,012. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. Horace Mann Educators has a fifty-two week low of $28.49 and a fifty-two week high of $39.25. The business has a 50-day moving average price of $34.35 and a two-hundred day moving average price of $34.65. The company has a market capitalization of $1.45 billion, a P/E ratio of 22.78 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share 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 business had revenue of $388.10 million for the quarter, compared to analyst estimates of $288.67 million. During the same quarter in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Horace Mann Educators will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.34 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.83%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 87.18%.

Institutional Investors Weigh In On Horace Mann Educators

Several hedge funds have recently modified their holdings of the stock. TFO Wealth Partners LLC grew its position in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 791 shares in the last quarter. Bessemer Group Inc. lifted its position 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 worth $27,000 after purchasing an additional 483 shares in the last quarter. Quarry LP boosted its stake in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the period. Summit Securities Group LLC acquired a new stake in Horace Mann Educators during the 2nd quarter valued at $35,000. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the 2nd quarter worth $59,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Company Profile

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.