Horace Mann Educators Co. (NYSE:HMN) Stake Lowered by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its position in Horace Mann Educators Co. (NYSE:HMN) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,300 shares of the insurance provider’s stock after selling 15,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Horace Mann Educators were worth $1,861,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TFO Wealth Partners LLC lifted its holdings in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 791 shares during the period. 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 worth $27,000 after buying an additional 483 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Horace Mann Educators in the 4th quarter worth $36,000. FinTrust Capital Advisors LLC increased its stake in Horace Mann Educators by 714.8% in the 1st quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 4,103 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Horace Mann Educators during the first quarter valued at approximately $176,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HMN has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler reduced 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 report on Friday, June 28th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.50.

Horace Mann Educators Stock Up 0.7 %

HMN stock traded up $0.25 during mid-day trading on Thursday, hitting $34.57. The stock had a trading volume of 188,646 shares, compared to its average volume of 227,793. Horace Mann Educators Co. has a 1-year low of $27.81 and a 1-year high of $39.25. The company has a fifty day moving average of $33.60 and a 200 day moving average of $35.04. 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 stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.16 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. On average, equities analysts expect that Horace Mann Educators Co. will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio is 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.