Horace Mann Educators Corporation $HMN Stock Position Decreased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment slashed its stake in Horace Mann by 83.8% in Q3, selling 141,442 shares and retaining 27,415 shares valued at about $1.24 million, signalling a large hedge-fund reduction in exposure.
• Other institutions moved in the opposite direction — notably Millennium Management increased its holding 310% to 275,109 shares and Qube Research rose 156.7% to 110,417 shares — and overall institutional ownership stands at 99.28%.
• Horace Mann raised its quarterly dividend to $0.36 (annualized $1.44, yield 3.2%), reported $1.21 EPS last quarter, and retains a consensus Buy rating with an average price target of $47.33.

Tudor Investment Corp ET AL cut its stake in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 83.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,415 shares of the insurance provider's stock after selling 141,442 shares during the quarter. Tudor Investment Corp ET AL owned 0.07% of Horace Mann Educators worth $1,238,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HMN. Caxton Associates LLP purchased a new stake in shares of Horace Mann Educators in the third quarter valued at $820,000. Qube Research & Technologies Ltd lifted its holdings in shares of Horace Mann Educators by 156.7% in the third quarter. Qube Research & Technologies Ltd now owns 110,417 shares of the insurance provider's stock valued at $4,988,000 after purchasing an additional 67,408 shares in the last quarter. Mariner LLC lifted its holdings in shares of Horace Mann Educators by 8.6% in the third quarter. Mariner LLC now owns 16,641 shares of the insurance provider's stock valued at $752,000 after purchasing an additional 1,316 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Horace Mann Educators in the third quarter valued at $219,000. Finally, Millennium Management LLC lifted its holdings in shares of Horace Mann Educators by 310.0% in the third quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider's stock valued at $12,427,000 after purchasing an additional 208,014 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen lowered Horace Mann Educators from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Horace Mann Educators in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $47.33.

Horace Mann Educators Stock Performance

HMN stock opened at $44.71 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.10 and a quick ratio of 0.10. The company has a 50 day moving average price of $43.07 and a 200 day moving average price of $44.28. Horace Mann Educators Corporation has a fifty-two week low of $38.76 and a fifty-two week high of $48.33. The stock has a market capitalization of $1.81 billion, a PE ratio of 11.46 and a beta of 0.04.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The insurance provider reported $1.21 earnings per share for the quarter. The firm had revenue of $434.80 million during the quarter. Horace Mann Educators had a net margin of 9.53% and a return on equity of 13.92%. Analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.36 dividend. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.44 annualized dividend and a dividend yield of 3.2%. Horace Mann Educators's dividend payout ratio (DPR) is presently 36.92%.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 1,081 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were 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 of the company's stock, valued at $629,464.38. The trade was a 6.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Victor Fetter purchased 3,500 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost 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 $952,537.16. This trade represents a 18.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.80% of the stock is owned by insiders.

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.

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