Legato Capital Management LLC Acquires New Stake in Horace Mann Educators Corporation $HMN

Legato Capital Management LLC acquired a new stake in shares of Horace Mann Educators Corporation (NYSE:HMN) in the fourth quarter, HoldingsChannel reports. The firm acquired 10,785 shares of the insurance provider’s stock, valued at approximately $498,000.

A number of other large investors also recently bought and sold shares of HMN. Ameriprise Financial Inc. boosted its holdings in Horace Mann Educators by 51.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after acquiring an additional 225,800 shares during the period. Millennium Management LLC boosted its holdings in Horace Mann Educators by 310.0% during the 3rd quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider’s stock valued at $12,427,000 after acquiring an additional 208,014 shares during the period. Invesco Ltd. boosted its holdings in Horace Mann Educators by 32.0% during the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock valued at $29,164,000 after acquiring an additional 156,652 shares during the period. Marshall Wace LLP purchased a new position in Horace Mann Educators during the 2nd quarter valued at $5,749,000. Finally, Lighthouse Investment Partners LLC boosted its holdings in Horace Mann Educators by 79.4% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 224,211 shares of the insurance provider’s stock valued at $10,128,000 after acquiring an additional 99,210 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HMN shares. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a report on Monday, April 27th. Wall Street Zen cut Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Horace Mann Educators currently has an average rating of “Moderate Buy” and a consensus target price of $46.50.

Horace Mann Educators Price Performance

Shares of HMN stock opened at $47.52 on Wednesday. Horace Mann Educators Corporation has a twelve month low of $40.04 and a twelve month high of $48.33. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.94 and a beta of 0.11. The stock has a fifty day simple moving average of $44.50 and a two-hundred day simple moving average of $44.47. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. Horace Mann Educators had a return on equity of 14.15% and a net margin of 9.63%.The business had revenue of $429.30 million during the quarter, compared to analysts’ expectations of $319.10 million. During the same period in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that Horace Mann Educators Corporation will post 4.49 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Horace Mann Educators’s dividend payout ratio is currently 36.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 6,815 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $46.16, for a total value of $314,580.40. Following the completion of the sale, the chief executive officer directly owned 315,997 shares in the company, valued at approximately $14,586,421.52. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Beverley J. Mcclure sold 1,081 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total value of $45,985.74. Following the completion of the transaction, the director directly owned 14,797 shares of the company’s stock, valued at approximately $629,464.38. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,081 shares of company stock valued at $738,329 over the last quarter. Company insiders own 3.60% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation, based in Springfield, Illinois, specializes in insurance and retirement solutions tailored to educators and school employees across the United States. Founded in 1945, the company partners with public school districts to deliver property and casualty insurance products—including auto, home and liability coverage—through a network of dedicated local agents. Its targeted approach focuses on understanding the unique needs and schedules of teachers, administrators and other school staff, distinguishing its services within the broader insurance market.

In addition to property and casualty offerings, Horace Mann provides life and disability insurance, annuities and retirement plan products designed to help educators plan for financial security beyond their teaching careers.