7,835 Shares in Horace Mann Educators Co. (NYSE:HMN) Purchased by Caxton Associates LP

Caxton Associates LP purchased a new position in Horace Mann Educators Co. (NYSE:HMN) in the first quarter, HoldingsChannel reports. The fund purchased 7,835 shares of the insurance provider’s stock, valued at approximately $339,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its stake in Horace Mann Educators by 0.6% in the first quarter. Prudential Financial Inc. now owns 48,337 shares of the insurance provider’s stock worth $2,089,000 after buying an additional 277 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Horace Mann Educators by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,996 shares of the insurance provider’s stock valued at $734,000 after purchasing an additional 300 shares in the last quarter. Commerce Bank increased its stake in shares of Horace Mann Educators by 2.4% during the first quarter. Commerce Bank now owns 13,910 shares of the insurance provider’s stock valued at $601,000 after purchasing an additional 330 shares in the last quarter. Private Capital Group LLC increased its stake in shares of Horace Mann Educators by 49.4% during the first quarter. Private Capital Group LLC now owns 1,046 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 346 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Horace Mann Educators by 7.0% during the first quarter. Mutual of America Capital Management LLC now owns 5,532 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 360 shares in the last quarter.

NYSE:HMN opened at $38.86 on Thursday. The firm’s 50 day moving average price is $38.59. Horace Mann Educators Co. has a 52 week low of $32.35 and a 52 week high of $44.74. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.61 billion, a PE ratio of 10.38 and a beta of 0.61.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, May 4th. The insurance provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.30. Horace Mann Educators had a net margin of 11.62% and a return on equity of 9.15%. The firm had revenue of $322.00 million for the quarter, compared to analysts’ expectations of $327.27 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Horace Mann Educators Co. will post 3.58 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Tuesday, June 15th. Horace Mann Educators’s payout ratio is 36.47%.

A number of brokerages have weighed in on HMN. Piper Sandler decreased their target price on shares of Horace Mann Educators from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, July 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, June 17th.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through five segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; supplemental insurance products, which includes cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term and indexed universal life insurance.

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Institutional Ownership by Quarter for Horace Mann Educators (NYSE:HMN)

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