Assenagon Asset Management S.A. Increases Holdings in Horace Mann Educators Co. (NYSE:HMN)

Assenagon Asset Management S.A. grew its position in Horace Mann Educators Co. (NYSE:HMN - Free Report) by 129.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,164 shares of the insurance provider's stock after purchasing an additional 164,036 shares during the quarter. Assenagon Asset Management S.A. owned about 0.71% of Horace Mann Educators worth $10,176,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in 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 worth $82,653,000 after buying an additional 43,064 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Horace Mann Educators by 1.9% during the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider's stock worth $46,519,000 after acquiring an additional 26,736 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider's stock valued at $35,351,000 after acquiring an additional 86,766 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Horace Mann Educators by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider's stock valued at $12,548,000 after purchasing an additional 42,308 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Horace Mann Educators by 22.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 150,955 shares of the insurance provider's stock worth $5,276,000 after purchasing an additional 27,366 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reduced their target price on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Finally, Raymond James started coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price target on the stock. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.00.

Horace Mann Educators Stock Performance

Shares of HMN traded up $0.25 during trading hours on Monday, hitting $37.38. The stock had a trading volume of 235,567 shares, compared to its average volume of 239,551. The firm has a 50-day moving average price of $35.24 and a 200 day moving average price of $34.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators Co. has a fifty-two week low of $31.05 and a fifty-two week high of $39.25. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.07 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $388.10 million for the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. Horace Mann Educators's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. As a group, research analysts anticipate that Horace Mann Educators Co. will post 2.63 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business 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. This represents a $1.36 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators's dividend payout ratio is presently 69.39%.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 294,402 shares of the company's stock, valued at approximately $10,910,538.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

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.