Empowered Funds LLC purchased a new stake in shares of Horace Mann Educators Corporation (NYSE:HMN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 197,332 shares of the insurance provider’s stock, valued at approximately $10,192,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Horace Mann Educators during the second quarter worth $304,006,000. Dimensional Fund Advisors LP increased its position in shares of Horace Mann Educators by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider’s stock valued at $93,243,000 after purchasing an additional 12,556 shares during the last quarter. State Street Corp raised its stake in shares of Horace Mann Educators by 4.7% during the 4th quarter. State Street Corp now owns 1,697,576 shares of the insurance provider’s stock worth $78,394,000 after purchasing an additional 76,295 shares during the period. Wasatch Advisors LP bought a new stake in shares of Horace Mann Educators during the 2nd quarter worth $72,363,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,042,622 shares of the insurance provider’s stock worth $48,156,000 after buying an additional 28,763 shares during the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors.
Horace Mann Educators Stock Up 0.3%
HMN opened at $51.32 on Friday. The business’s fifty day simple moving average is $51.92 and its 200 day simple moving average is $47.18. Horace Mann Educators Corporation has a 52 week low of $41.29 and a 52 week high of $55.56. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.08 billion, a PE ratio of 11.99 and a beta of 0.08.
Analyst Ratings Changes
HMN has been the subject of a number of research reports. Zacks Research raised shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Strong Buy” and an average target price of $59.00.
Get Our Latest Stock Report on Horace Mann Educators
Insider Buying and Selling
In other news, CEO Marita Zuraitis sold 7,500 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $52.03, for a total value of $390,225.00. Following the completion of the sale, the chief executive officer directly owned 307,129 shares of the company’s stock, valued at approximately $15,979,921.87. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 22,500 shares of company stock worth $1,131,750. Corporate 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.
Read More
- Five stocks we like better than Horace Mann Educators
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding HMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horace Mann Educators Corporation (NYSE:HMN – Free Report).
Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.
