Lazard Asset Management LLC Sells 19,971 Shares of Horace Mann Educators Corporation $HMN

Lazard Asset Management LLC lessened its position in shares of Horace Mann Educators Corporation (NYSE:HMN) by 18.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,198 shares of the insurance provider’s stock after selling 19,971 shares during the quarter. Lazard Asset Management LLC’s holdings in Horace Mann Educators were worth $3,850,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in Horace Mann Educators by 3.6% in the second quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 229 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Horace Mann Educators by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 22,535 shares of the insurance provider’s stock valued at $1,040,000 after purchasing an additional 238 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Horace Mann Educators by 1.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36,774 shares of the insurance provider’s stock worth $1,580,000 after purchasing an additional 431 shares during the period. Aquatic Capital Management LLC lifted its stake in shares of Horace Mann Educators by 4.3% in the 3rd quarter. Aquatic Capital Management LLC now owns 11,636 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 483 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Horace Mann Educators by 1.5% in the second quarter. California State Teachers Retirement System now owns 37,666 shares of the insurance provider’s stock worth $1,619,000 after buying an additional 568 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

Shares of HMN opened at $52.07 on Friday. The business has a 50-day simple moving average of $50.19 and a two-hundred day simple moving average of $46.03. 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 Corporation has a 52 week low of $41.01 and a 52 week high of $55.56. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 13.08 and a beta of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $1.07 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Horace Mann Educators Corporation will post 4.49 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.44 annualized dividend and a yield of 2.8%. Horace Mann Educators’s payout ratio is currently 36.18%.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $52.62, for a total value of $394,650.00. Following the completion of the transaction, the chief executive officer directly owned 314,629 shares in the company, valued at $16,555,777.98. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,685 shares of company stock worth $773,088 over the last quarter. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, 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. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

About Horace Mann Educators

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.