Nisa Investment Advisors LLC Buys 570 Shares of Horace Mann Educators Co. (NYSE:HMN)

Nisa Investment Advisors LLC increased its position in Horace Mann Educators Co. (NYSE:HMN) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 29,444 shares of the insurance provider’s stock after purchasing an additional 570 shares during the period. Nisa Investment Advisors LLC’s holdings in Horace Mann Educators were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Horace Mann Educators by 140.6% during the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after acquiring an additional 16,292 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Horace Mann Educators by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock valued at $1,322,000 after purchasing an additional 464 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Horace Mann Educators during the first quarter valued at $233,000. Quantbot Technologies LP purchased a new position in shares of Horace Mann Educators in the 1st quarter worth $227,000. Finally, Empowered Funds LLC increased its holdings in shares of Horace Mann Educators by 8.2% in the 1st quarter. Empowered Funds LLC now owns 115,672 shares of the insurance provider’s stock worth $4,279,000 after buying an additional 8,740 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Stock Up 0.3 %

Shares of NYSE HMN opened at $37.35 on Monday. Horace Mann Educators Co. has a 1 year low of $31.53 and a 1 year high of $39.25. The firm has a 50-day simple moving average of $35.50 and a two-hundred day simple moving average of $34.75. The company has a market cap of $1.52 billion, a P/E ratio of 19.06 and a beta of 0.27. 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 (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. Horace Mann Educators’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Research analysts anticipate that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is presently 69.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HMN. Keefe, Bruyette & Woods lowered their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Piper Sandler raised their price objective on Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Raymond James began coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Three equities 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 company’s stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by 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.