Cubist Systematic Strategies LLC Sells 29,838 Shares of Horace Mann Educators Co. (NYSE:HMN)

Cubist Systematic Strategies LLC cut its holdings in Horace Mann Educators Co. (NYSE:HMN) by 33.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,425 shares of the insurance provider’s stock after selling 29,838 shares during the period. Cubist Systematic Strategies LLC’s holdings in Horace Mann Educators were worth $1,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HMN. Bessemer Group Inc. boosted its holdings in Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares during the period. TFO Wealth Partners LLC boosted its holdings in Horace Mann Educators by 6,084.6% during the fourth 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. Summit Securities Group LLC bought a new stake in Horace Mann Educators during the second quarter valued at about $35,000. nVerses Capital LLC bought a new stake in Horace Mann Educators during the second quarter valued at about $59,000. Finally, Point72 DIFC Ltd boosted its holdings in Horace Mann Educators by 22.2% during the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 829 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Stock Down 1.6 %

NYSE HMN opened at $34.95 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $34.64. Horace Mann Educators Co. has a twelve month low of $28.49 and a twelve month high of $39.25. The stock has a market cap of $1.43 billion, a PE 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 earnings per share 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 analysts’ expectations of $288.67 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. On average, research analysts forecast that Horace Mann Educators Co. will post 2.56 EPS for the current year.

Horace Mann Educators Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on HMN. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Raymond James began coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target for the company. Piper Sandler decreased 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 report on Friday, June 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

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.