Point72 DIFC Ltd Acquires 829 Shares of Horace Mann Educators Co. (NYSE:HMN)

Point72 DIFC Ltd boosted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,568 shares of the insurance provider’s stock after buying an additional 829 shares during the quarter. Point72 DIFC Ltd’s holdings in Horace Mann Educators were worth $149,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HMN. Louisiana State Employees Retirement System boosted its position in shares of Horace Mann Educators by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 400 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Horace Mann Educators by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock worth $1,322,000 after purchasing an additional 464 shares during the period. Natixis Advisors LLC boosted its position in shares of Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after purchasing an additional 473 shares during the period. Bessemer Group Inc. boosted its position in shares of Horace Mann Educators by 228.9% in 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 during the period. Finally, TFO Wealth Partners LLC boosted its position 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 purchasing an additional 791 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Price Performance

Horace Mann Educators stock opened at $35.54 on Friday. Horace Mann Educators Co. has a 52-week low of $28.49 and a 52-week high of $39.25. 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’s fifty day moving average is $34.38 and its 200 day moving average is $34.65. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 EPS 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 during the quarter, compared to analyst estimates of $288.67 million. During the same quarter last year, the business earned $0.03 earnings per share. Horace Mann Educators’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

Analyst Upgrades and Downgrades

HMN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped 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 research report on Tuesday, August 13th. Raymond James assumed 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 on the stock. Piper Sandler lowered their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three equities research 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 data from MarketBeat, Horace Mann Educators presently has an average rating of “Moderate Buy” and a consensus 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.