Hillsdale Investment Management Inc. Acquires New Position in Horace Mann Educators Corporation $HMN

Hillsdale Investment Management Inc. acquired a new stake in Horace Mann Educators Corporation (NYSE:HMN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 62,400 shares of the insurance provider’s stock, valued at approximately $2,882,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HMN. Royal Bank of Canada raised its stake in Horace Mann Educators by 36.2% in the 1st quarter. Royal Bank of Canada now owns 8,251 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 2,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Horace Mann Educators by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,449 shares of the insurance provider’s stock valued at $1,045,000 after acquiring an additional 1,064 shares during the period. Caxton Associates LLP bought a new stake in shares of Horace Mann Educators during the first quarter valued at about $313,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Horace Mann Educators by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,788 shares of the insurance provider’s stock valued at $5,930,000 after buying an additional 7,542 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Horace Mann Educators by 313.8% during the first quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider’s stock valued at $3,916,000 after buying an additional 69,492 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $46.16, for a total transaction of $346,200.00. Following the completion of the transaction, the chief executive officer owned 322,812 shares of the company’s stock, valued at approximately $14,901,001.92. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Beverley J. Mcclure sold 1,081 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total value of $45,985.74. Following the transaction, the director directly owned 14,797 shares of the company’s stock, valued at $629,464.38. The trade was a 6.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,081 shares of company stock valued at $738,329 in the last three months. 3.60% of the stock is owned by insiders.

Horace Mann Educators Trading Up 0.2%

Shares of HMN opened at $45.84 on Monday. The business’s 50-day moving average price is $44.75 and its 200-day moving average price is $44.49. Horace Mann Educators Corporation has a twelve month low of $40.04 and a twelve month high of $48.33. The stock has a market cap of $1.85 billion, a PE ratio of 11.52 and a beta of 0.11. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. Horace Mann Educators had a return on equity of 14.15% and a net margin of 9.63%.The firm had revenue of $429.30 million for the quarter, compared to analysts’ expectations of $319.10 million. During the same period in the prior year, the business posted $1.07 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Horace Mann Educators Corporation will post 4.49 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. Horace Mann Educators’s payout ratio is presently 36.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HMN. 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 reiterated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.50.

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.