Exchange Traded Concepts LLC Acquires 29,774 Shares of Horace Mann Educators Co. (NYSE:HMN)

Exchange Traded Concepts LLC grew its stake in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 160.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,343 shares of the insurance provider's stock after acquiring an additional 29,774 shares during the period. Exchange Traded Concepts LLC owned about 0.12% of Horace Mann Educators worth $1,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Horace Mann Educators by 228.9% in the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after buying an additional 483 shares during the last quarter. Quarry LP increased its holdings in shares of Horace Mann Educators by 1,798.0% in the 2nd 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. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 540 shares during the period. Summit Securities Group LLC bought a new position in Horace Mann Educators in the 2nd quarter worth about $35,000. Finally, nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators in the second quarter valued at approximately $59,000. Institutional investors own 99.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. 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 target price for the company. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Finally, Piper Sandler boosted their target price on Horace Mann Educators from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Horace Mann Educators Price Performance

Horace Mann Educators stock traded up $0.67 during mid-day trading on Wednesday, hitting $36.69. The company's stock had a trading volume of 258,049 shares, compared to its average volume of 238,861. Horace Mann Educators Co. has a twelve month low of $30.70 and a twelve month high of $39.25. The stock's fifty day moving average price is $34.69 and its two-hundred day moving average price is $34.60. The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.52 and a beta of 0.28. 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 (NYSE:HMN - Get Free Report) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. During the same period in the prior year, the business posted $0.03 earnings per share. Horace Mann Educators's revenue was up 8.9% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.71%. Horace Mann Educators's dividend payout ratio (DPR) is presently 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.