American Century Companies Inc. boosted its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 829,376 shares of the insurance provider’s stock after buying an additional 97,366 shares during the period. American Century Companies Inc. owned approximately 2.04% of Horace Mann Educators worth $37,463,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Horace Mann Educators during the 3rd quarter worth about $29,000. Smartleaf Asset Management LLC lifted its position in shares of Horace Mann Educators by 49.7% in the third quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 232 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Horace Mann Educators by 222.3% in the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 627 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Horace Mann Educators during the second quarter worth approximately $47,000. Finally, Blue Trust Inc. boosted its holdings in shares of Horace Mann Educators by 33.0% during the third quarter. Blue Trust Inc. now owns 1,201 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 298 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.
Horace Mann Educators Trading Down 0.1%
Shares of HMN stock opened at $43.45 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 11.14 and a beta of 0.06. Horace Mann Educators Corporation has a 1 year low of $38.76 and a 1 year high of $48.33. The firm’s fifty day simple moving average is $43.73 and its 200 day simple moving average is $44.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.40.
Horace Mann Educators Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.3%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, March 17th. Horace Mann Educators’s dividend payout ratio (DPR) is 35.90%.
Analysts Set New Price Targets
Several research analysts have weighed in on HMN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $47.33.
Check Out Our Latest Report on Horace Mann Educators
Insider Transactions at Horace Mann Educators
In other news, Director Victor Fetter purchased 3,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average price of $42.73 per share, with a total value of $149,555.00. Following the acquisition, the director directly owned 22,292 shares in the company, valued at approximately $952,537.16. The trade was a 18.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.00% of the stock is owned by corporate insiders.
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.
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