Bank of America Corp DE Sells 24,540 Shares of Horace Mann Educators Corporation $HMN

Key Points

• Bank of America reduced its Horace Mann Educators stake by 4.6%, selling 24,540 shares in the first quarter, but still held 503,529 shares worth approximately $21.5 million.
• Horace Mann reported quarterly EPS of $1.17, beating the $0.79 analyst consensus, while revenue rose 7.7% year over year to $443.5 million. The company issued fiscal 2026 EPS guidance of $4.60–$4.90.
• Analyst sentiment remains positive, with the stock carrying a “Strong Buy” consensus rating and a $59 average price target. Shares recently traded at $51.66, while CEO Marita Zuraitis sold 7,500 shares under a pre-arranged trading plan.

Bank of America Corp DE lowered its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 503,529 shares of the insurance provider's stock after selling 24,540 shares during the quarter. Bank of America Corp DE owned 1.25% of Horace Mann Educators worth $21,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Captrust Financial Advisors lifted its stake in Horace Mann Educators by 3.6% in the 2nd quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider's stock valued at $279,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Horace Mann Educators by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 234 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Horace Mann Educators by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 22,535 shares of the insurance provider's stock valued at $1,040,000 after purchasing an additional 238 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Horace Mann Educators by 1.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36,774 shares of the insurance provider's stock valued at $1,580,000 after acquiring an additional 431 shares during the period. Finally, Aquatic Capital Management LLC lifted its stake in Horace Mann Educators by 4.3% in the 3rd quarter. Aquatic Capital Management LLC now owns 11,636 shares of the insurance provider's stock valued at $526,000 after purchasing an additional 483 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Up 0.7%

Shares of HMN stock opened at $51.66 on Wednesday. The stock's fifty day simple moving average is $51.56 and its 200 day simple moving average is $46.83. The firm has a market capitalization of $2.09 billion, a P/E ratio of 12.07 and a beta of 0.08. Horace Mann Educators Corporation has a twelve month low of $41.29 and a twelve month 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.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%.The firm had revenue of $443.50 million for the quarter, compared to analyst estimates of $321.70 million. During the same quarter in the previous year, the company posted $1.06 EPS. The business's revenue was up 7.7% on a year-over-year basis. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. As a group, sell-side analysts predict that Horace Mann Educators Corporation will post 4.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HMN has been the subject of several research analyst reports. Weiss Ratings raised shares of Horace Mann Educators from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 15th. Zacks Research upgraded Horace Mann Educators from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $59.00 target price on shares of Horace Mann Educators in a research report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of "Strong Buy" and an average price target of $59.00.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 22,500 shares of company stock worth $1,131,750. 3.60% of the stock is currently 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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