Royal Bank of Canada Increases Holdings in Horace Mann Educators Corporation $HMN

Key Points

• Royal Bank of Canada increased its Horace Mann Educators stake by 390.4% in the first quarter, bringing its holdings to 39,484 shares worth approximately $1.69 million. Institutional investors collectively own 99.28% of HMN.
• Analysts maintain a bullish outlook, with a consensus “Strong Buy” rating and a $59 price target. Zacks Research and Weiss Ratings recently upgraded the stock, while Raymond James reaffirmed its strong-buy recommendation.
• Horace Mann reported quarterly EPS of $1.17, surpassing estimates of $0.79, while revenue rose 7.7% year over year to $443.5 million. CEO Marita Zuraitis sold 7,500 shares for about $390,000 under a pre-arranged trading plan.

Royal Bank of Canada raised its stake in Horace Mann Educators Corporation (NYSE:HMN - Free Report) by 390.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,484 shares of the insurance provider's stock after purchasing an additional 31,432 shares during the quarter. Royal Bank of Canada owned about 0.10% of Horace Mann Educators worth $1,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HMN. EverSource Wealth Advisors LLC grew its stake in shares of Horace Mann Educators by 222.3% in the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider's stock valued at $39,000 after buying an additional 627 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Horace Mann Educators during the 4th quarter worth approximately $51,000. Los Angeles Capital Management LLC purchased a new position in Horace Mann Educators in the 4th quarter worth approximately $51,000. Osaic Holdings Inc. boosted its holdings in Horace Mann Educators by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider's stock worth $57,000 after acquiring an additional 855 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Horace Mann Educators by 10,953.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,437 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 1,424 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HMN shares. Zacks Research upgraded shares of Horace Mann Educators from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Horace Mann Educators from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, June 15th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $59.00 price target on shares of Horace Mann Educators in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and a consensus price target of $59.00.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $51.66 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $51.56 and a two-hundred day moving average of $46.83. Horace Mann Educators Corporation has a 52 week low of $41.29 and a 52 week high of $55.56. The company has a market cap of $2.09 billion, a P/E ratio of 12.07 and a beta of 0.08.

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

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 7,500 shares of the company'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 completion of the transaction, the chief executive officer directly owned 307,129 shares in the company, valued at $15,979,921.87. This represents a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 22,500 shares of company stock worth $1,131,750. 3.60% of the stock is owned by corporate insiders.

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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