Horace Mann Educators Corp. (HMN) Shares Gap Up to $35.69
Horace Mann Educators Corp. (NYSE:HMN) gapped up before the market opened on Tuesday . The stock had previously closed at $35.66, but opened at $35.69. Horace Mann Educators Corp. shares last traded at $35.87, with a volume of 44,381 shares.
Separately, Zacks Investment Research upgraded shares of Horace Mann Educators Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, June 14th.
The company has a 50 day moving average price of $35.57 and a 200-day moving average price of $33.50. The stock has a market cap of $1.45 billion, a P/E ratio of 18.95 and a beta of 1.24.
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Horace Mann Educators Corp. (NYSE:HMN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. The business earned $283.50 million during the quarter, compared to analysts’ expectations of $273.80 million. Horace Mann Educators Corp. had a return on equity of 5.64% and a net margin of 7.30%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, equities analysts forecast that Horace Mann Educators Corp. will post $1.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.265 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.94%. Horace Mann Educators Corp.’s dividend payout ratio is currently 55.21%.
In other news, CFO Dwayne D. Hallman sold 8,220 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $36.29, for a total value of $298,303.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Horace Mann Educators Corp. during the fourth quarter valued at about $15,594,000. Victory Capital Management Inc. boosted its position in shares of Horace Mann Educators Corp. by 22,431.2% in the second quarter. Victory Capital Management Inc. now owns 447,244 shares of the company’s stock valued at $15,112,000 after buying an additional 445,259 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Horace Mann Educators Corp. by 9.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,940,288 shares of the company’s stock valued at $99,353,000 after buying an additional 252,105 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Horace Mann Educators Corp. by 1,307.4% in the second quarter. Riverhead Capital Management LLC now owns 163,402 shares of the company’s stock valued at $20,865,000 after buying an additional 151,792 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Horace Mann Educators Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,224,036 shares of the company’s stock valued at $108,940,000 after buying an additional 86,359 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.
About Horace Mann Educators Corp.
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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