May 29, 2023 – LPL Financial LLC has acquired a new stake in Horace Mann Educators Co. (NYSE: HMN), according to its recent Form 13F filing with the Securities and Exchange Commission (SEC). The insurance provider’s stock currently stands at approximately $1,034,000 with the acquisition of 27,657 shares by the firm. As per the most recent filing with the SEC, LPL Financial LLC owned around 0.07% of Horace Mann Educators.
Horace Mann Educator also announced its quarterly dividend, scheduled for payment on June 30th Friday. Shareholders will be paid $0.33 per share of record on June 15th Thursday. The annualized dividends amount to $1.32 per annum along with an impressive yield of 4.30%. The ex-dividend date for this payout is set for Wednesday, June 14th.
With several analysts’ inputs pouring in recently regarding Horace Mann Education’s performance, StockNews.com recently initiated coverage over estimating a “hold” rating for the company. Piper Sandler had a different take reduced their target price from $38 to $36 in their research report.
In conclusion, given its investment and steady financial performance alongside the declared quarterly dividend policy representing strong returns for investors, Horace Mann Educators continue to grab plausible attention from market participants across various brokerage platforms and evaluations alike.
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Institutional Investors and Hedge Funds Show Interest in Horace Mann Educators
On May 29, 2023, Horace Mann Educators experienced a flurry of activity among institutional investors and hedge funds looking to either increase their stakes or sell off shares in the insurance provider. Among the notable additions to the stock came from Rockefeller Capital Management L.P. who raised their position by an impressive 246.2% in the third quarter, acquiring 1,344 shares valued at $66,000. Point72 Hong Kong Ltd purchased a new position in the second quarter of that year for $83,000 while SG Americas Securities LLC followed suit in the fourth quarter with a new position valued at $118,000.
Similarly, UBS Group AG increased its stake in Horace Mann Educators by 191.5% during the third quarter gaining an additional 2,790 shares with a value of $149,000. In contrast to these increases though was Captrust Financial Advisors who actually reduced their position by over one-third during Q1 of that year yet still held almost $162,000 worth of shares.
Despite this activity surrounding institutional investors and hedge funds trading shares back and forth between one another there were also notable movements occurring within Horace Mann Educators own leadership team. Senior Vice President Michael Weckenbrock sold 1,600 shares on Thursday, May 18th with an average price per share of $32.82 resulting in a total value of $52,512.
However it’s important to remember that this information is just a snapshot into one particular day’s worth of trading for Horace Mann Educators which sits on the New York Stock Exchange under ticker HMN. It opened on this day for trading at $30.72 having seen both highs and lows throughout the past year ranging from $30.50 up to $42.24 respectively.
As with any public company there are always numerous factors which can affect stock prices including world events such as political upheavals, natural disasters or technological advances and Horace Mann Educators is no exception. For now though it’s difficult to say what lies ahead for this insurance provider but with shares being traded by top investors within the industry as well as movement on behalf of its own leadership it remains one to watch closely in the weeks and months to come.
