Horace Mann Educators Co. (NYSE:HMN) Short Interest Up 8.1% in November

Horace Mann Educators Co. (NYSE:HMN) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 824,100 shares, an increase of 8.1% from the October 31st total of 762,100 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 273,400 shares, the days-to-cover ratio is presently 3.0 days.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now directly owns 19,057 shares in the company, valued at $801,918.56. The trade was a 22.82 % 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, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the chief executive officer now owns 300,542 shares in the company, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,751 shares of company stock worth $2,114,775. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Quarry LP boosted its stake in shares of Horace Mann Educators by 1,798.0% in the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Horace Mann Educators in the 2nd quarter valued at $35,000. KBC Group NV boosted its stake in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 628 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the 2nd quarter valued at $59,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Price Performance

Horace Mann Educators stock traded down $0.07 during midday trading on Wednesday, reaching $40.98. 31,658 shares of the stock were exchanged, compared to its average volume of 240,495. The company’s fifty day moving average is $38.29 and its 200-day moving average is $35.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1.67 billion, a PE ratio of 16.35 and a beta of 0.30. Horace Mann Educators has a 52 week low of $31.81 and a 52 week high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts forecast that Horace Mann Educators will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HMN shares. Piper Sandler boosted their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Finally, Raymond James initiated coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Four equities 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, Horace Mann Educators presently has an average rating of “Hold” and an average price target of $42.67.

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.