Envestnet Asset Management Inc. Reduces Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Envestnet Asset Management Inc. trimmed its position in Horace Mann Educators Co. (NYSE:HMN) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,371 shares of the insurance provider’s stock after selling 7,702 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of Horace Mann Educators worth $5,753,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Hsbc Holdings PLC increased its stake in Horace Mann Educators by 869.3% in the 4th quarter. Hsbc Holdings PLC now owns 81,527 shares of the insurance provider’s stock worth $2,664,000 after acquiring an additional 73,116 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Horace Mann Educators by 6,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 791 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Horace Mann Educators by 1.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock worth $32,575,000 after purchasing an additional 17,620 shares in the last quarter. Bragg Financial Advisors Inc boosted its position in shares of Horace Mann Educators by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of Horace Mann Educators in the 1st quarter worth $266,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

HMN stock opened at $34.95 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $34.40 and a 200-day moving average of $34.64. Horace Mann Educators Co. has a 12-month low of $28.49 and a 12-month high of $39.25. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $388.10 million during 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%. Horace Mann Educators’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. As a group, equities analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is currently 87.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Raymond James began coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target for the company. Piper Sandler cut their price objective 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 restated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three investment 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 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 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.