Keeley Teton Advisors LLC Raises Stock Position in Horace Mann Educators Corporation $HMN

Keeley Teton Advisors LLC grew its stake in Horace Mann Educators Corporation (NYSE:HMN) by 36.4% in the 1st quarter, Holdings Channel reports. The firm owned 9,750 shares of the insurance provider’s stock after purchasing an additional 2,601 shares during the period. Keeley Teton Advisors LLC’s holdings in Horace Mann Educators were worth $417,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock valued at $115,000 after buying an additional 1,106 shares during the period. US Bancorp DE grew its holdings in shares of Horace Mann Educators by 2,693.3% during the 1st quarter. US Bancorp DE now owns 4,190 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 4,040 shares during the period. FourThought Financial Partners LLC bought a new position in shares of Horace Mann Educators in the 1st quarter worth approximately $218,000. Assenagon Asset Management S.A. bought a new position in shares of Horace Mann Educators in the 1st quarter worth approximately $275,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Horace Mann Educators in the 4th quarter valued at approximately $255,000. Institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $43.24, for a total transaction of $216,200.00. Following the sale, the chief executive officer directly owned 310,451 shares of the company’s stock, valued at $13,423,901.24. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the completion of the transaction, the general counsel owned 22,092 shares in the company, valued at $1,014,906.48. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,498 shares of company stock valued at $1,494,268. Company insiders own 4.00% of the company’s stock.

Horace Mann Educators Stock Up 0.8%

NYSE:HMN opened at $45.50 on Thursday. The firm has a market cap of $1.85 billion, a P/E ratio of 13.46 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $46.31. The firm has a 50-day simple moving average of $42.69 and a two-hundred day simple moving average of $42.09.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators announced that its board has initiated a stock repurchase plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Piper Sandler boosted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.