12,310 Shares in Horace Mann Educators Co. (NYSE:HMN) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new stake in Horace Mann Educators Co. (NYSE:HMN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,310 shares of the insurance provider's stock, valued at approximately $430,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Horace Mann Educators by 142.1% in 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 during the last quarter. Quarry LP lifted its holdings in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock worth $31,000 after acquiring an additional 899 shares during the period. Summit Securities Group LLC bought a new stake in Horace Mann Educators during the second quarter worth $35,000. KBC Group NV boosted its position in Horace Mann Educators by 60.2% in the third 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 last quarter. Finally, nVerses Capital LLC bought a new position in Horace Mann Educators in the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Stock Performance

NYSE HMN traded up $0.08 during trading on Friday, hitting $41.46. 288,980 shares of the company's stock traded hands, compared to its average volume of 240,965. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.52 and a beta of 0.30. 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 business has a 50 day moving average of $39.26 and a 200-day moving average of $35.85. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to analysts' expectations 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 for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. As a group, equities research analysts anticipate that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.28%. Horace Mann Educators's payout ratio is currently 54.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut Horace Mann Educators from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Four 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, the company has an average rating of "Hold" and an average price target of $42.67.

Insider Activity

In other news, Director Beverley J. Mcclure sold 5,634 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares of the company's stock, valued at approximately $801,918.56. This represents a 22.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $148,960.00. Following the transaction, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,751 shares of company stock worth $2,114,775. 3.80% of the stock is currently owned by insiders.

About Horace Mann Educators

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.