The Vanguard Group, Inc. has recently announced that it has increased stake in Horace Mann Educators Corporation (NYSE:HMN) by 0.71%. After grabbing 4.96 million shares, the institutional investor is now in possession of 34769.0 shares of the Financial Company. The new investment brought the stake of investor firm to 12.12% having worth around $185.25 million. Moreover, Dimensional Fund Advisors LP increased its share by 47911.0 to have a control over 3.21 million shares. And EARNEST Partners LLC raised its holdings to 42516.0 shares by acquiring 3.08 million shares or 7.53% of the stake.
Horace Mann Educators Corporation (HMN) concluded trading on 01/19/23 at a closing price of $36.67, with 0.14 million shares of worth about $5.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.95% during that period and on Thursday the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 41.40M shares, out of which, 40.26M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 124,905 shares in 28 of the transactions. In 10 selling transactions, insiders dumped 24,110 shares.
iShares Core S&P Small Cap ETF, Franklin Small Cap Value Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Horace Mann Educators Corporation iShares Core S&P Small Cap ETF is currently holding 2.73 million shares of worth totaling $102.1 million. The company recently came buying 0.0 shares which brought its stake up to 6.68% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 1.27 million shares, have now control over 3.10% of the stake in the company. It holds 2563.0 shares of worth $47.43 million.
Horace Mann Educators Corporation (NYSE: HMN) started trading at $36.46, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 36.91, or with a loss of -0.03%. Stock saw a price change of -2.14% in past 5 days and over the past one month there was a price change of 2.60%. Year-to-date (YTD), HMN shares are showing a performance of -1.87% which decreased to -5.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.60 but also hit the highest price of $42.95 during that period. The average intraday trading volume for Horace Mann Educators Corporation shares is 198.30K. The stock is currently trading -2.20% below its 20-day simple moving average (SMA20), while that difference is down -2.23% for SMA50 and it goes to -2.33% lower than SMA200.
The Vanguard Group, Inc. acquired 4.96 million shares of Horace Mann Educators Corporation having value of about $185.25 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 34769.0 shares in the company valued at close to $1274979.23, or have control over 0.71% stake in the company. Holding of mutual funds in the company is about 43.21% while other institutional holders and individual stake holders have control over 62.79% and 1.43% of the stake respectively.
The stock has a current market capitalization of $1.49B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 27.39, while it has posted earnings per share of $1.34 in the same period. Its PEG reads 2.16 while making debt-to-equity ratio of 0.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HMN, volatility over the week remained 2.46% while standing at 1.97% over the month.
Analysts are in expectations that Horace Mann Educators Corporation (HMN) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $0.83 and it is $3.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.00% while it is estimated to increase by 78.55% in next year. EPS is likely to grow at an annualized rate of 12.70% for next 5-years, compared to annual growth of 10.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on August 19, 2022 offering an Overweight rating for the stock and assigned a target price range of between $38 and $42 to it. On January 06, 2021, Piper Sandler Downgrade their recommendations, while on May 22, 2019, Sandler O’Neill Initiated their ratings for the stock with a price target of $46. Stock get a Mkt perform rating from Keefe Bruyette on September 05, 2017.