Hodges Capital Management Inc. Cuts Position in Horace Mann Educators Corporation $HMN

Hodges Capital Management Inc. cut its position in Horace Mann Educators Corporation (NYSE:HMN) by 44.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,910 shares of the insurance provider’s stock after selling 43,398 shares during the quarter. Hodges Capital Management Inc.’s holdings in Horace Mann Educators were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its holdings in 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 valued at $78,394,000 after acquiring an additional 76,295 shares during the period. Geode Capital Management LLC lifted its position in shares of Horace Mann Educators by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,042,622 shares of the insurance provider’s stock worth $48,156,000 after purchasing an additional 28,763 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Horace Mann Educators by 1.6% in the third 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 during the period. Ameriprise Financial Inc. grew its holdings in shares of Horace Mann Educators by 51.6% in the third quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after purchasing an additional 225,800 shares in the last quarter. Finally, Invesco Ltd. increased its stake 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 buying an additional 156,652 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 7,500 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $46.16, for a total value of $346,200.00. Following the transaction, the chief executive officer owned 322,812 shares of the company’s stock, valued at $14,901,001.92. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,000 shares of company stock worth $1,433,868 in the last three months. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of $48.00.

Horace Mann Educators Stock Up 0.5%

Shares of NYSE:HMN opened at $54.13 on Tuesday. The firm’s 50 day moving average price is $47.68 and its 200 day moving average price is $45.21. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 13.60 and a beta of 0.09. Horace Mann Educators Corporation has a fifty-two week low of $40.04 and a fifty-two week high of $54.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Friday, May 8th. The insurance provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.10 by $0.18. Horace Mann Educators had a net margin of 9.63% and a return on equity of 14.15%. The company had revenue of $429.30 million during the quarter, compared to analysts’ expectations of $319.10 million. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Horace Mann Educators Corporation will post 4.49 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.7%. Horace Mann Educators’s payout ratio is presently 36.18%.

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.