Teacher Retirement System of Texas Has $1.08 Million Position in Horace Mann Educators Corporation $HMN

Teacher Retirement System of Texas lifted its holdings in Horace Mann Educators Corporation (NYSE:HMN) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,043 shares of the insurance provider’s stock after purchasing an additional 2,450 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Horace Mann Educators worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HMN. First Citizens Bank & Trust Co. acquired a new position in shares of Horace Mann Educators in the second quarter valued at approximately $514,000. DekaBank Deutsche Girozentrale bought a new stake in Horace Mann Educators in the 2nd quarter valued at $613,000. New York State Teachers Retirement System boosted its stake in Horace Mann Educators by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 69,533 shares of the insurance provider’s stock worth $2,988,000 after purchasing an additional 467 shares during the period. Cornerstone Wealth Group LLC increased its holdings in Horace Mann Educators by 48.6% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 10,700 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Horace Mann Educators by 123.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,741 shares of the insurance provider’s stock valued at $676,000 after purchasing an additional 8,708 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $44.17, for a total value of $220,850.00. Following the sale, the chief executive officer owned 288,788 shares in the company, valued at approximately $12,755,765.96. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel directly owned 22,092 shares of the company’s stock, valued at $1,014,906.48. This represents a 13.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,500 shares of company stock worth $834,490. Company insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

HMN has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Horace Mann Educators Trading Down 3.0%

NYSE HMN opened at $45.35 on Friday. The company has a market cap of $1.85 billion, a PE ratio of 13.42 and a beta of 0.21. Horace Mann Educators Corporation has a 12 month low of $36.20 and a 12 month high of $48.33. The stock has a 50 day moving average of $45.31 and a 200-day moving average of $43.53. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $330.60 million for the quarter. On average, equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 35.44%.

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.