Jacobs Levy Equity Management Inc. Decreases Holdings in Horace Mann Educators Co. (NYSE:HMN)

Jacobs Levy Equity Management Inc. reduced its stake in Horace Mann Educators Co. (NYSE:HMN) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,945 shares of the insurance provider’s stock after selling 37,365 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.36% of Horace Mann Educators worth $5,509,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HMN. Jump Financial LLC acquired a new position in shares of Horace Mann Educators during the fourth quarter worth $863,000. Quest Partners LLC acquired a new position in Horace Mann Educators in the 4th quarter worth $1,043,000. BNP Paribas Financial Markets boosted its position in Horace Mann Educators by 140.6% in the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after buying an additional 16,292 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Horace Mann Educators by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock valued at $17,121,000 after buying an additional 20,706 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Horace Mann Educators by 5.5% during the fourth quarter. Natixis Advisors L.P. now owns 20,914 shares of the insurance provider’s stock valued at $683,000 after acquiring an additional 1,096 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on HMN shares. StockNews.com downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods reduced their target price on Horace Mann Educators from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday. Piper Sandler cut their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.50.

Horace Mann Educators Stock Performance

Shares of NYSE HMN traded up $1.10 during trading on Tuesday, reaching $34.76. The stock had a trading volume of 210,119 shares, compared to its average volume of 229,784. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $1.42 billion, a PE ratio of 22.28 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $27.81 and a one year high of $39.25. The firm’s 50 day moving average price is $33.58 and its two-hundred day moving average price is $35.09.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. On average, research analysts forecast that Horace Mann Educators Co. will post 2.55 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Horace Mann Educators Company 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.