Point72 Asia Singapore Pte. Ltd. Lowers Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Point72 Asia Singapore Pte. Ltd. decreased its holdings in Horace Mann Educators Co. (NYSE:HMN) by 63.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,489 shares of the insurance provider’s stock after selling 2,621 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Horace Mann Educators were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC lifted its stake in shares of 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 worth $26,000 after acquiring an additional 791 shares in the last quarter. Bessemer Group Inc. raised its stake in 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 acquiring an additional 483 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter worth approximately $35,000. nVerses Capital LLC acquired a new position in Horace Mann Educators during the 2nd quarter valued at approximately $59,000. Finally, Point72 DIFC Ltd grew its stake in Horace Mann Educators by 22.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after buying an additional 829 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Down 1.6 %

Shares of NYSE:HMN opened at $34.95 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28. The company’s fifty day simple moving average is $34.40 and its 200 day simple moving average is $34.64. Horace Mann Educators Co. has a 12 month low of $28.49 and a 12 month high of $39.25.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $288.67 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 87.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HMN shares. Piper Sandler reduced their price target 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. Keefe, Bruyette & Woods cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Finally, Raymond James began coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Three investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.