Palisade Capital Management LP Takes $7.30 Million Position in Horace Mann Educators Corporation $HMN

Key Points

• Palisade Capital Management bought 141,314 Horace Mann Educators shares worth approximately $7.3 million, giving it a 0.35% stake. Institutional investors collectively own 99.28% of the company.
• Horace Mann exceeded quarterly expectations, reporting $1.17 EPS versus the $0.79 consensus and $443.5 million in revenue, up 7.7% year over year. Management issued fiscal 2026 EPS guidance of $4.60–$4.90.
• Analyst sentiment is strongly positive, with a consensus “Strong Buy” rating and a $59 target price versus the stock’s reported $51.03 opening price. CEO Marita Zuraitis sold 7,500 shares under a pre-arranged trading plan.

Palisade Capital Management LP purchased a new position in shares of Horace Mann Educators Corporation (NYSE:HMN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 141,314 shares of the insurance provider's stock, valued at approximately $7,299,000. Palisade Capital Management LP owned approximately 0.35% of Horace Mann Educators at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in Horace Mann Educators in the 2nd quarter valued at approximately $646,000. Legal & General Group Plc purchased a new position in shares of Horace Mann Educators in the second quarter valued at $4,718,000. The Manufacturers Life Insurance Company acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth $1,005,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter worth about $1,494,000. Finally, Commerce Bank acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $452,000. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $51.03 on Wednesday. The company has a market cap of $2.07 billion, a PE ratio of 11.92 and a beta of 0.08. Horace Mann Educators Corporation has a 12 month low of $41.29 and a 12 month 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. The company has a 50-day simple moving average of $51.77 and a 200-day simple moving average of $47.05.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.38. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The business had revenue of $443.50 million for the quarter, compared to the consensus estimate of $321.70 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. On average, equities analysts anticipate that Horace Mann Educators Corporation will post 4.78 earnings per share for the current year.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 7,500 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $52.03, for a total transaction of $390,225.00. Following the sale, the chief executive officer owned 307,129 shares in the company, valued at $15,979,921.87. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HMN. Weiss Ratings upgraded shares of Horace Mann Educators from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, June 15th. Raymond James Financial reiterated a "strong-buy" rating and set a $59.00 target price on shares of Horace Mann Educators in a report on Thursday, August 13th. Finally, Zacks Research raised Horace Mann Educators from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus price target of $59.00.

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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