Jane Street Group LLC Reduces Stock Holdings in Horace Mann Educators Co. (NYSE:HMN)

Jane Street Group LLC decreased its holdings in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 66.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,665 shares of the insurance provider's stock after selling 30,594 shares during the quarter. Jane Street Group LLC's holdings in Horace Mann Educators were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider's stock worth $10,176,000 after buying an additional 164,036 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in Horace Mann Educators by 8.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider's stock worth $35,351,000 after purchasing an additional 86,766 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Horace Mann Educators by 476.8% during the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider's stock valued at $2,571,000 after purchasing an additional 64,087 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Horace Mann Educators by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider's stock valued at $82,653,000 after purchasing an additional 43,064 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Horace Mann Educators by 61.0% in the 2nd quarter. AQR Capital Management LLC now owns 113,310 shares of the insurance provider's stock worth $3,696,000 after purchasing an additional 42,924 shares during the period. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Shares of NYSE HMN traded down $1.11 during midday trading on Monday, reaching $37.88. The stock had a trading volume of 175,541 shares, compared to its average volume of 160,680. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.09 and a beta of 0.31. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The stock has a 50-day moving average of $40.32 and a 200-day moving average of $36.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 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 return on equity of 8.14% and a net margin of 6.55%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. As a group, research analysts anticipate that Horace Mann Educators Co. will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators's payout ratio is currently 54.18%.

Analyst Ratings Changes

Several brokerages recently issued reports on HMN. 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 report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $42.67.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares of the company's stock, valued at $10,910,538.12. The trade was a 12.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction that occurred 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 transaction, the director now owns 19,057 shares of the company's stock, valued at $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,751 shares of company stock worth $2,272,375 over the last quarter. Insiders own 3.80% of the company's stock.

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.