WESPAC Advisors LLC Cuts Stake in Horace Mann Educators Co. (NYSE:HMN)

WESPAC Advisors LLC trimmed its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,814 shares of the insurance provider’s stock after selling 1,404 shares during the period. WESPAC Advisors LLC’s holdings in Horace Mann Educators were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of HMN. Bessemer Group Inc. grew its holdings in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC increased its position in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after buying an additional 540 shares in the last quarter. Quarry LP increased its stake in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Horace Mann Educators in the second quarter worth $35,000. Finally, KBC Group NV grew its position in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the period. Institutional investors own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Raymond James initiated 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 for the company. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler lifted their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.67.

Insider Activity

In other news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This represents a 1.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,751 shares of company stock worth $1,946,895 over the last ninety days. 3.80% of the stock is currently owned by insiders.

Horace Mann Educators Stock Up 1.2 %

HMN stock opened at $41.43 on Friday. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.51 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50 day moving average price is $37.32 and its 200 day moving average price is $35.16.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the company posted $0.44 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.28%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

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.