Harbor Capital Advisors Inc. Boosts Stock Position in Horace Mann Educators Co. (NYSE:HMN)

Harbor Capital Advisors Inc. raised its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 125.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,292 shares of the insurance provider's stock after purchasing an additional 27,987 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of Horace Mann Educators worth $1,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HMN. Bessemer Group Inc. raised its stake in shares of Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 483 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock worth $32,000 after acquiring an additional 540 shares during the period. Quarry LP lifted its holdings in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider's stock valued at $31,000 after buying an additional 899 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Horace Mann Educators during the 2nd quarter worth approximately $35,000. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the second quarter valued at approximately $59,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HMN shares. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Finally, Raymond James assumed coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a "strong-buy" rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by insiders.

Horace Mann Educators Stock Up 8.5 %

NYSE:HMN traded up $3.34 during mid-day trading on Wednesday, reaching $42.61. The company's stock had a trading volume of 615,060 shares, compared to its average volume of 240,284. The firm has a market capitalization of $1.74 billion, a PE ratio of 16.99 and a beta of 0.27. The stock has a fifty day moving average of $35.66 and a 200-day moving average of $34.78. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Co. has a 1 year low of $31.53 and a 1 year high of $43.26.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The firm's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts forecast that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators's dividend payout ratio is presently 54.18%.

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.