Hodges Capital Management Inc. increased its stake in Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,557 shares of the insurance provider’s stock after acquiring an additional 19,093 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.23% of Horace Mann Educators worth $4,271,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in HMN. Arrowstreet Capital Limited Partnership grew its position in shares of Horace Mann Educators by 43.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider’s stock valued at $31,495,000 after purchasing an additional 220,275 shares during the period. American Century Companies Inc. lifted its stake in Horace Mann Educators by 33.1% in the 2nd quarter. American Century Companies Inc. now owns 732,010 shares of the insurance provider’s stock valued at $31,454,000 after buying an additional 181,872 shares in the last quarter. Marshall Wace LLP acquired a new stake in Horace Mann Educators in the 2nd quarter worth about $5,749,000. Vanguard Group Inc. boosted its holdings in Horace Mann Educators by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider’s stock worth $226,199,000 after buying an additional 78,079 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Horace Mann Educators by 159.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 119,335 shares of the insurance provider’s stock worth $5,128,000 after buying an additional 73,283 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.
Horace Mann Educators Price Performance
HMN stock opened at $43.13 on Wednesday. Horace Mann Educators Corporation has a 1 year low of $38.76 and a 1 year high of $48.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.12 and a quick ratio of 0.10. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.06 and a beta of 0.06. The business has a 50 day simple moving average of $44.51 and a 200-day simple moving average of $44.93.
Horace Mann Educators Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Horace Mann Educators’s dividend payout ratio is 35.90%.
Analysts Set New Price Targets
Several research firms have recently weighed in on HMN. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Wednesday, January 28th. Wall Street Zen downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $47.33.
View Our Latest Analysis on HMN
Insider Transactions at Horace Mann Educators
In related news, SVP Mark R. Desrochers sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $47.00, for a total value of $141,000.00. Following the transaction, the senior vice president directly owned 20,556 shares in the company, valued at approximately $966,132. This represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Wade Reece sold 1,316 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $45.27, for a total value of $59,575.32. Following the sale, the director directly owned 39,001 shares of the company’s stock, valued at approximately $1,765,575.27. This trade represents a 3.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,316 shares of company stock worth $427,325 in the last 90 days. Insiders own 3.80% of the company’s stock.
Horace Mann Educators Profile
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.
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