Renaissance Technologies LLC Sells 25,700 Shares of Horace Mann Educators Co. (NYSE:HMN)

Renaissance Technologies LLC decreased its position in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 49.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,500 shares of the insurance provider's stock after selling 25,700 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of Horace Mann Educators worth $864,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HMN. Bessemer Group Inc. lifted its holdings in Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after purchasing an additional 483 shares during the period. Summit Securities Group LLC bought a new stake in Horace Mann Educators in the second quarter worth about $35,000. nVerses Capital LLC bought a new stake in Horace Mann Educators in the second quarter worth about $59,000. FinTrust Capital Advisors LLC raised its position in Horace Mann Educators by 714.8% in the first quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider's stock worth $173,000 after acquiring an additional 4,103 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Horace Mann Educators in the first quarter worth about $176,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Raymond James assumed coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Tuesday, August 13th. Finally, JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Horace Mann Educators presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Horace Mann Educators Stock Up 0.7 %

Shares of HMN traded up $0.23 during trading hours on Tuesday, reaching $34.59. The company's stock had a trading volume of 150,982 shares, compared to its average volume of 239,721. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 22.12 and a beta of 0.28. Horace Mann Educators Co. has a 1-year low of $29.49 and a 1-year high of $39.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $34.48 and a two-hundred day moving average of $34.64.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $388.10 million for the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, research analysts predict that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

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. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.93%. Horace Mann Educators's payout ratio is 87.18%.

Horace Mann Educators 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.