Louisiana State Employees Retirement System purchased a new stake in Horace Mann Educators Corporation (NYSE:HMN – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,000 shares of the insurance provider’s stock, valued at approximately $768,000.
Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in shares of Horace Mann Educators by 3.6% during the 2nd quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider’s stock worth $279,000 after buying an additional 229 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Horace Mann Educators by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 22,535 shares of the insurance provider’s stock valued at $1,040,000 after acquiring an additional 238 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Horace Mann Educators by 1.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36,774 shares of the insurance provider’s stock worth $1,580,000 after acquiring an additional 431 shares during the last quarter. Aquatic Capital Management LLC lifted its position in Horace Mann Educators by 4.3% during the third quarter. Aquatic Capital Management LLC now owns 11,636 shares of the insurance provider’s stock worth $526,000 after acquiring an additional 483 shares during the last quarter. Finally, FourThought Financial Partners LLC boosted its holdings in shares of Horace Mann Educators by 9.7% during the third quarter. FourThought Financial Partners LLC now owns 5,610 shares of the insurance provider’s stock worth $253,000 after acquiring an additional 496 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.
Horace Mann Educators Price Performance
Shares of Horace Mann Educators stock traded up $1.19 during trading on Tuesday, reaching $55.04. 5,607 shares of the company’s stock were exchanged, compared to its average volume of 251,344. The company has a market cap of $2.22 billion, a P/E ratio of 13.84 and a beta of 0.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators Corporation has a 1-year low of $40.04 and a 1-year high of $55.00. The firm’s 50-day moving average price is $47.68 and its 200 day moving average price is $45.21.
Horace Mann Educators Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 36.18%.
Insider Buying and Selling
In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $52.62, for a total transaction of $394,650.00. Following the sale, the chief executive officer directly owned 314,629 shares of the company’s stock, valued at $16,555,777.98. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 30,000 shares of company stock worth $1,433,868. 3.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Strong Buy” and an average target price of $48.00.
Check Out Our Latest Stock Report on HMN
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.
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