State of New Jersey Common Pension Fund D Boosts Stock Position in Horace Mann Educators Co. (NYSE:HMN)

State of New Jersey Common Pension Fund D lifted its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,629 shares of the insurance provider’s stock after buying an additional 2,895 shares during the period. State of New Jersey Common Pension Fund D owned about 0.14% of Horace Mann Educators worth $2,014,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Summit Global Investments purchased a new position in shares of Horace Mann Educators during the third quarter worth approximately $674,000. Principal Financial Group Inc. raised its position in Horace Mann Educators by 10.6% in the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after purchasing an additional 21,430 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Horace Mann Educators by 125.5% in the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 27,987 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 570 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after buying an additional 164,036 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Trading Up 0.9 %

HMN opened at $41.30 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The stock has a market cap of $1.68 billion, a PE ratio of 16.45 and a beta of 0.27. The business has a 50 day moving average of $36.62 and a 200-day moving average of $35.06.

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

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,751 shares of company stock valued at $1,946,895. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HMN shares. Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Raymond James started coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Hold” and an average price target of $42.67.

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.