WESPAC Advisors LLC Has $658,000 Stock Position in Horace Mann Educators Co. (NYSE:HMN)

WESPAC Advisors LLC lessened its position in Horace Mann Educators Co. (NYSE:HMN) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 18,814 shares of the insurance provider’s stock after selling 1,404 shares during the period. WESPAC Advisors LLC’s holdings in Horace Mann Educators were worth $658,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of HMN. Assenagon Asset Management S.A. grew its position in 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 valued at $10,176,000 after purchasing an additional 164,036 shares during the period. Deprince Race & Zollo Inc. grew 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 buying an additional 86,766 shares during the last quarter. Bank of Montreal Can increased its position in shares of Horace Mann Educators by 476.8% during the second quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after acquiring an additional 64,087 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Horace Mann Educators in the 2nd quarter worth about $2,037,000. Finally, Dimensional Fund Advisors LP lifted its position in Horace Mann Educators by 1.7% in 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 acquiring an additional 43,064 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

HMN has been the subject of a number of recent research reports. Raymond James initiated coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective for the company. Piper Sandler increased their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price objective for the company 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Stock Performance

HMN stock opened at $41.43 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.69 billion, a PE ratio of 16.51 and a beta of 0.27. The business has a 50 day moving average of $37.32 and a 200-day moving average of $35.16. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 3.28%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

Insider Activity

In related news, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This trade represents a 12.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators 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 sale, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,751 shares of company stock valued at $1,946,895 in the last three months. Company 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.