JPMorgan Chase & Co. Boosts Stake in Horace Mann Educators Corporation $HMN

JPMorgan Chase & Co. grew its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,002 shares of the insurance provider’s stock after acquiring an additional 34,348 shares during the period. JPMorgan Chase & Co.’s holdings in Horace Mann Educators were worth $5,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HMN. Vanguard Group Inc. lifted its stake in shares of Horace Mann Educators by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider’s stock worth $226,199,000 after acquiring an additional 78,079 shares in the last quarter. American Century Companies Inc. grew its stake in Horace Mann Educators by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 829,376 shares of the insurance provider’s stock valued at $37,463,000 after purchasing an additional 97,366 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Horace Mann Educators by 1.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 744,369 shares of the insurance provider’s stock valued at $33,623,000 after purchasing an additional 11,411 shares in the last quarter. Ameriprise Financial Inc. increased 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 worth $29,971,000 after purchasing an additional 225,800 shares during the last quarter. Finally, Invesco Ltd. increased 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 worth $29,164,000 after purchasing an additional 156,652 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $42.79 on Thursday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.97 and a beta of 0.04. Horace Mann Educators Corporation has a one year low of $38.76 and a one year high of $48.33. The company’s 50-day simple moving average is $42.99 and its 200-day simple moving average is $44.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.10 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Friday, February 27th. The insurance provider reported $1.21 earnings per share for the quarter. Horace Mann Educators had a return on equity of 13.92% and a net margin of 9.53%.The firm had revenue of $434.80 million during the quarter. Equities analysts anticipate that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.36 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, March 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.4%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 36.92%.

Insider Activity

In other news, Director Victor Fetter purchased 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $42.73 per share, with a total value of $149,555.00. Following the transaction, the director owned 22,292 shares in the company, valued at approximately $952,537.16. The trade was a 18.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HMN shares. Wall Street Zen cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Buy” and a consensus target price of $47.33.

Horace Mann Educators Company 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.