Susquehanna International Group LLP cut its position in shares of Horace Mann Educators Corporation (NYSE:HMN – Free Report) by 74.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,895 shares of the insurance provider’s stock after selling 11,419 shares during the period. Susquehanna International Group LLP’s holdings in Horace Mann Educators were worth $201,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in HMN. Two Sigma Securities LLC bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at approximately $235,000. Empowered Funds LLC acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $10,192,000. Public Employees Retirement System of Ohio acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $33,000. Corient Private Wealth LP bought a new stake in Horace Mann Educators in the second quarter worth approximately $2,358,000. Finally, Bank of America Corp DE acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth $29,287,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.
Horace Mann Educators Stock Up 1.7%
Shares of HMN stock opened at $51.56 on Thursday. The stock has a market cap of $2.09 billion, a P/E ratio of 12.05 and a beta of 0.08. The stock has a fifty day moving average price of $51.97 and a 200 day moving average price of $47.39. Horace Mann Educators Corporation has a one year low of $41.29 and a one year high of $55.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08.
Horace Mann Educators Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 33.64%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on HMN shares. Zacks Research upgraded shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Raymond James Financial reissued a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of $59.00.
Get Our Latest Research Report on Horace Mann Educators
Insider Activity
In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $52.03, for a total value of $390,225.00. Following the completion of the transaction, the chief executive officer owned 307,129 shares in the company, valued at approximately $15,979,921.87. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.
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