JPMorgan Chase & Co. Raises Holdings in Horace Mann Educators Corporation $HMN

Key Points

• JPMorgan Chase & Co. boosted its stake in Horace Mann by 40.1% in Q3 to 120,002 shares, representing about 0.29% of the company and roughly $5.42 million in value.
• Director Victor Fetter purchased 3,500 shares at an average $42.73 on Feb. 25, increasing his position 18.62% to 22,292 shares, indicating insider buying activity.
• Dividend and recent results: Horace Mann raised its quarterly dividend to $0.36 ($1.44 annualized, a 3.4% yield), reported $1.21 EPS for the quarter, and carries a consensus analyst target price of $47.33.

JPMorgan Chase & Co. boosted its position in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 40.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,002 shares of the insurance provider's stock after acquiring an additional 34,348 shares during the quarter. JPMorgan Chase & Co. owned 0.29% of Horace Mann Educators worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HMN. Vanguard Group Inc. raised its holdings in shares of Horace Mann Educators by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider's stock worth $226,199,000 after purchasing an additional 78,079 shares during the period. American Century Companies Inc. grew its holdings in shares of Horace Mann Educators by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 829,376 shares of the insurance provider's stock worth $37,463,000 after purchasing an additional 97,366 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Horace Mann Educators by 1.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 744,369 shares of the insurance provider's stock worth $33,623,000 after purchasing an additional 11,411 shares during the period. Ameriprise Financial Inc. increased its position 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 worth $29,971,000 after purchasing an additional 225,800 shares in the last quarter. Finally, Invesco Ltd. increased its position in Horace Mann Educators by 32.0% during the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider's stock worth $29,164,000 after purchasing an additional 156,652 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company's stock.

Insider Activity at Horace Mann Educators

In other news, Director Victor Fetter bought 3,500 shares of Horace Mann Educators stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $42.73 per share, with a total value of $149,555.00. Following the completion of the transaction, the director owned 22,292 shares in the company, valued at approximately $952,537.16. This trade represents a 18.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HMN shares. Wall Street Zen cut shares of Horace Mann Educators from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Horace Mann Educators in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $47.33.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $42.79 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.10 and a quick ratio of 0.10. Horace Mann Educators Corporation has a 1-year low of $38.76 and a 1-year high of $48.33. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.97 and a beta of 0.04. The business has a 50-day moving average of $42.99 and a 200-day moving average of $44.40.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Friday, February 27th. The insurance provider reported $1.21 EPS for the quarter. The business had revenue of $434.80 million for the quarter. Horace Mann Educators had a return on equity of 13.92% and a net margin of 9.53%. On average, equities analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.36 per share. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 17th. Horace Mann Educators's payout ratio is 36.92%.

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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