Legato Capital Management LLC Buys New Holdings in Horace Mann Educators Corporation $HMN

Legato Capital Management LLC bought a new stake in shares of Horace Mann Educators Corporation (NYSE:HMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,785 shares of the insurance provider’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its holdings in Horace Mann Educators by 51.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after buying an additional 225,800 shares in the last quarter. Millennium Management LLC grew its holdings in Horace Mann Educators by 310.0% during the 3rd quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider’s stock valued at $12,427,000 after buying an additional 208,014 shares in the last quarter. Invesco Ltd. grew its holdings in Horace Mann Educators by 32.0% during the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock valued at $29,164,000 after buying an additional 156,652 shares in the last quarter. Marshall Wace LLP purchased a new position in Horace Mann Educators during the 2nd quarter valued at approximately $5,749,000. Finally, Lighthouse Investment Partners LLC grew its holdings in Horace Mann Educators by 79.4% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 224,211 shares of the insurance provider’s stock valued at $10,128,000 after buying an additional 99,210 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Insider Buying and Selling

In other news, Director Beverley J. Mcclure sold 1,081 shares of Horace Mann Educators stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total value of $45,985.74. Following the completion of the transaction, the director owned 14,797 shares in the company, valued at approximately $629,464.38. The trade was a 6.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 322,812 shares of the company’s stock, valued at approximately $14,901,001.92. This trade represents a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 16,081 shares of company stock valued at $738,329. Company insiders own 3.60% of the company’s stock.

Horace Mann Educators Price Performance

Shares of Horace Mann Educators stock opened at $47.52 on Wednesday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 11.94 and a beta of 0.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50 day moving average price of $44.50 and a 200-day moving average price of $44.47. Horace Mann Educators Corporation has a one year low of $40.04 and a one year high of $48.33.

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

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.0%. Horace Mann Educators’s payout ratio is 36.18%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HMN. Wall Street Zen cut Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

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.