Public Sector Pension Investment Board grew its stake in Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 14.4% during the third quarter, HoldingsChannel.com reports. The firm owned 158,771 shares of the insurance provider’s stock after purchasing an additional 19,972 shares during the period. Public Sector Pension Investment Board’s holdings in Horace Mann Educators were worth $7,172,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HMN. Arrowstreet Capital Limited Partnership increased its holdings in 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 buying an additional 220,275 shares during the last quarter. American Century Companies Inc. grew its position in shares of 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 worth $31,454,000 after acquiring an additional 181,872 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at approximately $5,749,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $5,128,000 after acquiring an additional 73,283 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Horace Mann Educators by 313.8% during the first quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider’s stock worth $3,916,000 after purchasing an additional 69,492 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.
Horace Mann Educators Stock Up 1.3%
HMN stock opened at $43.13 on Wednesday. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a fifty-two week low of $38.76 and a fifty-two week high of $48.33. The firm’s 50-day simple moving average is $44.51 and its 200 day simple moving average is $44.93. The stock has a market cap of $1.75 billion, a PE ratio of 11.06 and a beta of 0.06.
Horace Mann Educators Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued 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 dividend payout ratio is 35.90%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Wall Street Zen lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Horace Mann Educators in a research report on Wednesday, January 28th. One investment 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.33.
Check Out Our Latest Stock Report on HMN
Insider Activity at Horace Mann Educators
In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $45.35, for a total transaction of $226,750.00. Following the completion of the transaction, the chief executive officer owned 283,788 shares in the company, valued at approximately $12,869,785.80. The trade was a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $45.27, for a total value of $59,575.32. Following the transaction, the director directly owned 39,001 shares in the company, valued at $1,765,575.27. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,316 shares of company stock worth $427,325 in the last three months. 3.80% of the stock is owned by company insiders.
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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