Exchange Traded Concepts LLC Has $839,000 Stake in Horace Mann Educators Corporation $HMN

Exchange Traded Concepts LLC raised its holdings in Horace Mann Educators Corporation (NYSE:HMN) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,532 shares of the insurance provider’s stock after purchasing an additional 372 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Horace Mann Educators were worth $839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMN. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 1,106 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Horace Mann Educators during the second quarter worth about $137,000. US Bancorp DE boosted its position in shares of Horace Mann Educators by 2,693.3% during the first quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock worth $179,000 after buying an additional 4,040 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Horace Mann Educators during the second quarter valued at approximately $210,000. Finally, FourThought Financial Partners LLC acquired a new position in Horace Mann Educators during the first quarter valued at approximately $218,000. Institutional investors own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HMN shares. Wall Street Zen cut Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Piper Sandler raised their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Finally, BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Horace Mann Educators currently has an average rating of “Moderate Buy” and an average price target of $46.75.

Horace Mann Educators Stock Up 0.4%

Shares of NYSE:HMN opened at $46.13 on Wednesday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.65 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50-day moving average is $44.34 and its 200-day moving average is $42.76. Horace Mann Educators Corporation has a 1 year low of $34.19 and a 1 year high of $47.81.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.45. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio is 41.42%.

Insider Buying and Selling

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total transaction of $160,790.00. Following the completion of the sale, the general counsel directly owned 22,092 shares of the company’s stock, valued at approximately $1,014,906.48. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $45.76, for a total value of $228,800.00. Following the sale, the chief executive officer directly owned 297,155 shares of the company’s stock, valued at $13,597,812.80. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock valued at $815,340 over the last three months. Corporate insiders own 3.80% of the company’s stock.

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.