Captrust Financial Advisors Buys Shares of 5,981 Horace Mann Educators Co. (NYSE:HMN)

Captrust Financial Advisors bought a new stake in shares of Horace Mann Educators Co. (NYSE:HMN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,981 shares of the insurance provider’s stock, valued at approximately $209,000.

Several other large investors also recently added to or reduced their stakes in HMN. Louisiana State Employees Retirement System increased its position in Horace Mann Educators by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after buying an additional 400 shares during the last quarter. Summit Securities Group LLC acquired a new position in Horace Mann Educators during the second quarter worth $35,000. Arjuna Capital increased its position in Horace Mann Educators by 1.6% during the second quarter. Arjuna Capital now owns 78,465 shares of the insurance provider’s stock worth $2,560,000 after buying an additional 1,206 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Horace Mann Educators during the second quarter worth $2,037,000. Finally, nVerses Capital LLC acquired a new position in Horace Mann Educators during the second quarter worth $59,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HMN shares. Piper Sandler upped their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus price target of $42.67.

Insider Transactions at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the sale, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This represents a 12.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,751 shares of company stock valued at $2,114,775 over the last three months. 3.80% of the stock is currently owned by corporate insiders.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock opened at $41.59 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $1.70 billion, a P/E ratio of 16.57 and a beta of 0.30. The firm has a 50 day simple moving average of $39.41 and a 200 day simple moving average of $35.93. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same period last year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts predict that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. Horace Mann Educators’s dividend payout ratio is 54.18%.

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.