Man Group plc purchased a new stake in Horace Mann Educators Corporation (NYSE:HMN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,450 shares of the insurance provider’s stock, valued at approximately $953,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Jupiter Topco LLC bought a new stake in shares of Horace Mann Educators during the 2nd quarter worth $924,000. Palisade Capital Management LP acquired a new position in Horace Mann Educators during the 2nd quarter worth $7,299,000. Canada Pension Plan Investment Board acquired a new position in Horace Mann Educators during the 2nd quarter worth $646,000. Legal & General Group Plc bought a new stake in Horace Mann Educators during the second quarter valued at about $4,718,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $1,005,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.
Horace Mann Educators Stock Performance
HMN opened at $51.84 on Friday. The stock’s 50 day simple moving average is $51.99 and its 200-day simple moving average is $47.46. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.10 billion, a PE ratio of 12.11 and a beta of 0.08. Horace Mann Educators Corporation has a 1 year low of $41.29 and a 1 year high of $55.56.
Horace Mann Educators Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.8%. Horace Mann Educators’s payout ratio is presently 33.64%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on HMN shares. Weiss Ratings raised Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Zacks Research raised Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Strong Buy” and a consensus price target of $59.00.
Insiders Place Their Bets
In related news, CEO Marita Zuraitis sold 7,500 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.99, for a total value of $382,425.00. Following the completion of the transaction, the chief executive officer owned 299,629 shares of the company’s stock, valued at $15,278,082.71. This represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,500 shares of company stock valued at $1,167,300 over the last quarter. Insiders own 3.60% 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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