Public Sector Pension Investment Board Acquires 6,410 Shares of Horace Mann Educators Co. (NYSE:HMN)

Public Sector Pension Investment Board lifted its stake in Horace Mann Educators Co. (NYSE:HMN) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,121 shares of the insurance provider’s stock after acquiring an additional 6,410 shares during the period. Public Sector Pension Investment Board owned approximately 0.22% of Horace Mann Educators worth $2,940,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in Horace Mann Educators by 140.6% in the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after purchasing an additional 16,292 shares during the period. Harbor Capital Advisors Inc. grew its stake in Horace Mann Educators by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after acquiring an additional 16,278 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Horace Mann Educators during the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. bought a new stake in Horace Mann Educators during the 2nd quarter worth approximately $508,000. Finally, Quantbot Technologies LP purchased a new position in shares of Horace Mann Educators during the 1st quarter valued at $227,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HMN. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Keefe, Bruyette & Woods lowered their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Piper Sandler cut 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 research note on Friday, June 28th. Finally, Raymond James started coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Three equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.67.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $35.53 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28. The business has a 50 day moving average of $34.38 and a 200 day moving average of $34.65. 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 Co. has a 1-year low of $28.49 and a 1-year high of $39.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $388.10 million for the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. On average, sell-side analysts predict that Horace Mann Educators Co. will post 2.56 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 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 payout ratio is currently 87.18%.

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.