Hennessy Advisors Inc. Cuts Stock Holdings in Horace Mann Educators Corporation $HMN

Hennessy Advisors Inc. decreased its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 210,000 shares of the insurance provider’s stock after selling 13,700 shares during the period. Hennessy Advisors Inc.’s holdings in Horace Mann Educators were worth $9,698,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HMN. Aster Capital Management DIFC Ltd purchased a new position in shares of Horace Mann Educators during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its position in Horace Mann Educators by 49.7% in the third quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Horace Mann Educators by 222.3% in the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 627 shares during the last quarter. Blue Trust Inc. boosted its position in Horace Mann Educators by 33.0% in the third quarter. Blue Trust Inc. now owns 1,201 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 298 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Horace Mann Educators by 181.5% in the second quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.0%

HMN stock opened at $45.43 on Monday. The stock has a market cap of $1.83 billion, a P/E ratio of 11.65 and a beta of 0.04. The stock’s fifty day simple moving average is $43.13 and its two-hundred day simple moving average is $44.27. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 1-year low of $38.76 and a 1-year high of $48.33.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Friday, February 27th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter. The firm 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%. Analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $0.36 dividend. The ex-dividend date was Tuesday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 3.2%. Horace Mann Educators’s dividend payout ratio is presently 36.92%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 1,081 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total value of $45,985.74. Following the sale, the director directly owned 14,797 shares in the company, valued at $629,464.38. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Victor Fetter bought 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was purchased at an average price of $42.73 per share, for a total transaction of $149,555.00. Following the completion of the purchase, the director owned 22,292 shares of the company’s stock, valued at approximately $952,537.16. This trade represents a 18.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

HMN has been the topic of several research analyst reports. Wall Street Zen cut 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $47.33.

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.