Stifel Financial Corp Has $215,000 Position in Horace Mann Educators Co. (NYSE:HMN)

Stifel Financial Corp decreased its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 24.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,147 shares of the insurance provider’s stock after selling 1,993 shares during the quarter. Stifel Financial Corp’s holdings in Horace Mann Educators were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMN. nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter worth about $59,000. Natixis Advisors LLC lifted its position in Horace Mann Educators by 2.2% during the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after acquiring an additional 473 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Horace Mann Educators by 67.5% during the second quarter. Victory Capital Management Inc. now owns 25,571 shares of the insurance provider’s stock worth $834,000 after acquiring an additional 10,302 shares during the period. Quest Partners LLC boosted its holdings in shares of Horace Mann Educators by 37.4% during the second quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock worth $193,000 after acquiring an additional 1,611 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Horace Mann Educators by 32.8% in the second quarter. Texas Permanent School Fund Corp now owns 47,462 shares of the insurance provider’s stock valued at $1,548,000 after purchasing an additional 11,722 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now directly owns 19,057 shares in the company, valued at $801,918.56. This represents a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the transaction, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,751 shares of company stock worth $2,114,775 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Horace Mann Educators Stock Down 1.2 %

NYSE HMN opened at $39.26 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 15.64 and a beta of 0.30. The company has a 50 day moving average of $40.10 and a 200-day moving average of $36.26. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year 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 for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 3.46%. Horace Mann Educators’s dividend payout ratio is 54.18%.

Wall Street Analyst Weigh In

HMN has been the subject of several research reports. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.67.

Horace Mann Educators 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.