Vanguard Group Inc. increased its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,007,719 shares of the insurance provider’s stock after acquiring an additional 78,079 shares during the period. Vanguard Group Inc. owned 0.12% of Horace Mann Educators worth $226,199,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in HMN. Teacher Retirement System of Texas grew its position in Horace Mann Educators by 262.1% in the third quarter. Teacher Retirement System of Texas now owns 90,671 shares of the insurance provider’s stock valued at $4,096,000 after acquiring an additional 65,628 shares during the period. Prudential Financial Inc. boosted its position in Horace Mann Educators by 76.7% in the second quarter. Prudential Financial Inc. now owns 74,802 shares of the insurance provider’s stock valued at $3,214,000 after buying an additional 32,464 shares in the last quarter. Atria Investments Inc bought a new stake in Horace Mann Educators during the second quarter worth about $273,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Horace Mann Educators during the second quarter worth approximately $1,124,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Horace Mann Educators during the second quarter worth approximately $595,000. Institutional investors and hedge funds own 99.28% of the company’s stock.
Horace Mann Educators Price Performance
Shares of HMN stock opened at $43.51 on Monday. The firm’s 50 day moving average price is $44.03 and its two-hundred day moving average price is $44.91. The stock has a market cap of $1.77 billion, a PE ratio of 11.16 and a beta of 0.07. Horace Mann Educators Corporation has a 52-week low of $38.76 and a 52-week high of $48.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.10 and a current ratio of 0.12.
Horace Mann Educators Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, December 15th. Horace Mann Educators’s payout ratio is presently 35.90%.
Analyst Ratings Changes
Several equities analysts have issued reports on HMN shares. Wall Street Zen downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $47.33.
Check Out Our Latest Research Report on Horace Mann Educators
Insider Transactions at Horace Mann Educators
In other Horace Mann Educators news, Director Victor Fetter purchased 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $42.73 per share, for a total transaction of $149,555.00. Following the completion of the acquisition, the director directly owned 22,292 shares of the company’s stock, valued at $952,537.16. The trade was a 18.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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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