Dark Forest Capital Management LP Takes $327,000 Position in Horace Mann Educators Co. (NYSE:HMN)

Dark Forest Capital Management LP bought a new position in shares of Horace Mann Educators Co. (NYSE:HMN) in the second quarter, Holdings Channel.com reports. The fund bought 10,010 shares of the insurance provider’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Horace Mann Educators by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after acquiring an additional 43,064 shares in the last quarter. Earnest Partners LLC increased its holdings in Horace Mann Educators by 1.9% in the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after purchasing an additional 26,736 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Horace Mann Educators by 8.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after buying an additional 86,766 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 1.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock worth $32,575,000 after buying an additional 17,620 shares in the last quarter. Finally, Bragg Financial Advisors Inc grew its position in shares of Horace Mann Educators by 0.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after buying an additional 1,424 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

HMN opened at $35.53 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28. The company’s fifty day moving average price is $34.38 and its two-hundred day moving average price is $34.65. Horace Mann Educators Co. has a 1-year low of $28.49 and a 1-year high of $39.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $388.10 million for the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. On average, analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend 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 Ratings Changes

HMN has been the topic of several research analyst reports. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Piper Sandler reduced their target price on 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, JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Horace Mann Educators Company 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.