HORACE MANN EDUCATORS CORP N HMN
COM · Common Stock · CUSIP 440327104
American insurance and financial services company
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersSpringfield, IL
- Founded1945
- Websitehoracemann.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.6m this quarter). Holder counts are more reliable. Shares outstanding: 40.5m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $51.48.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 201 |
| Q4 2022 | 205 |
| Q1 2023 | 188 |
| Q2 2023 | 201 |
| Q3 2023 | 197 |
| Q4 2023 | 200 |
| Q1 2024 | 233 |
| Q2 2024 | 226 |
| Q3 2024 | 231 |
| Q4 2024 | 218 |
| Q1 2025 | 225 |
| Q2 2025 | 244 |
| Q3 2025 | 241 |
| Q4 2025 | 255 |
| Q1 2026 | 252 |
| Q2 2026 | 261 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 103 | 111 |
| Q4 2024 | 89 | 108 |
| Q1 2025 | 87 | 108 |
| Q2 2025 | 123 | 103 |
| Q3 2025 | 113 | 107 |
| Q4 2025 | 116 | 117 |
| Q1 2026 | 110 | 129 |
| Q2 2026 | 141 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $623.3k | $664.0k | 1.07 |
| Q4 2025 | $290.9k | $447.9k | 1.54 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| WASATCH ADVISORS LP | New | +1.4m |
| AMERICAN CENTURY COMPANIES INC | Added | +271.6k |
| STATE STREET CORP | Added | +141.3k |
| RAYMOND JAMES FINANCIAL INC | Added | +118.2k |
| GOLDMAN SACHS GROUP INC | Added | +95.7k |
| ALLIANCEBERNSTEIN L.P. | Added | +91.5k |
| FIRST TRUST ADVISORS LP | Added | +89.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +74.6k |
| BANK OF AMERICA CORP /DE/ | Added | +63.5k |
| Invesco Ltd. | Added | +47.6k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -308.9k |
| HENNESSY ADVISORS INC | Sold out | -203.0k |
| CITADEL ADVISORS LLC | Sold out | -191.9k |
| PALISADE CAPITAL MANAGEMENT, LP | Reduced | -154.7k |
| Edgestream Partners, L.P. | Reduced | -102.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -73.7k |
| JANE STREET GROUP, LLC | Sold out | -69.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -69.7k |
| UBS Group AG | Reduced | -60.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -54.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FRANKLIN RESOURCES INC 13G · institution new · filed 2026-04-29 | 7.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +1.0 pts · filed 2026-05-15 | 6.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: FULLER & THALER ASSET MANAGEMENT, INC. (4.9%, 2026-05-13), FRANKLIN MUTUAL ADVISERS LLC (0.0%, 2026-04-28; now reported by FRANKLIN RESOURCES INC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 5 | $6.7m | $2.1m |
| Q1 2025 | 0 | — | 2 | $415.1k | $415.1k |
| Q2 2025 | 1 | $154.1k | 4 | $3.0m | $759.3k |
| Q3 2025 | 0 | — | 2 | $815.3k | $654.5k |
| Q4 2025 | 0 | — | 4 | $921.3k | $720.8k |
| Q1 2026 | 2 | $157.2k | 2 | $274.6k | $274.6k |
| Q2 2026 | 0 | — | 2 | $1.1m | $1.1m |
| Q3 2026 | 0 | — | 5 | $1.8m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Hines Perry G. Director | Sold | $169.0k3.2k shares |
| 2026-09-03 | Carley Donald M General Counsel | Sold | $107.4k2.1k shares |
| 2026-09-01 | ZURAITIS MARITA President & CEO, director | Sold plan | $382.4k7.5k shares |
| 2026-08-12 | BRADLEY THOMAS A Director | Sold | $258.6k5.0k shares |
| 2026-08-12 | Reece Henry Wade Director | Sold | $70.0k1.4k shares |
| 2026-08-03 | ZURAITIS MARITA President & CEO, director | Sold plan | $390.2k7.5k shares |
| 2026-07-01 | ZURAITIS MARITA President & CEO, director | Sold plan | $394.6k7.5k shares |
| 2026-06-02 | ZURAITIS MARITA President & CEO, director | Sold plan | $346.9k7.5k shares |
| 2026-05-19 | ZURAITIS MARITA President & CEO, director | Sold plan | $64614 shares |
| 2026-05-06 | ZURAITIS MARITA President & CEO, director | Sold plan | $922 shares |
| 2026-05-05 | ZURAITIS MARITA President & CEO, director | Sold plan | $18.6k403 shares |
| 2026-05-04 | ZURAITIS MARITA President & CEO, director | Sold plan | $12.3k266 shares |
| 2026-05-01 | ZURAITIS MARITA President & CEO, director | Sold plan | $314.6k6.8k shares |
| 2026-04-23 | ZURAITIS MARITA President & CEO, director | Sold plan | $346.2k7.5k shares |
| 2026-04-01 | McClure Beverley J. Director | Sold plan | $46.0k1.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 5.9m $304.0m | Reduced -10.3k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 3.0m $156.3m | Added +27.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.8m $146.9m | Added +2.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.6m $136.3m | Added +74.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.2m $115.2m | Added +44.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.27% of their portfolio | 1.9m $99.0m | Reduced -69.7k |
| STATE STREET CORP 0.00% of their portfolio | 1.9m $96.6m | Added +141.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.8m $94.0m | Reduced -4.5k |
| WASATCH ADVISORS LP 0.47% of their portfolio | 1.4m $72.4m | New |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.2m $64.4m | Added +271.6k |
| EARNEST PARTNERS LLC 0.21% of their portfolio | 1.1m $58.0m | Reduced -4.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $57.1m | Added +47.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 875.3k $45.2m | Added +44.6k |
| BROWN ADVISORY INC 0.07% of their portfolio | 829.1k $42.8m | Added +22.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 823.0k $35.1m | Added +91.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 698.8k $36.1m | Added +41.8k |
| GW&K Investment Management, LLC 0.25% of their portfolio | 617.8k $31.9m | Reduced -8.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 567.0k $29.3m | Added +63.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 549.8k $28.4m | Added +10.6k |
| Invesco Ltd. 0.00% of their portfolio | 522.0k $27.0m | Added +47.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 517.3k $26.7m | Reduced -9.8k |
| MORGAN STANLEY 0.00% of their portfolio | 487.0k $25.2m | Added +44.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 463.4k $23.9m | Added +29.9k |
| Bragg Financial Advisors, Inc 0.63% of their portfolio | 454.8k $23.5m | Reduced -540 |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 428.4k $22.1m | Added +1.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 388.4k $20.1m | Added +1.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 319.3k $16.5m | Reduced -17.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 316.0k $16.3m | Added +95.7k |
| FMR LLC 0.00% of their portfolio | 306.2k $15.8m | Added +35.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 268.0k $13.8m | Added +4.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 260.4k $13.5m | Added +2.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 212.6k $11.0m | Added +919 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 204.6k $10.6m | Added +118.2k |
| Empowered Funds, LLC 0.05% of their portfolio | 197.3k $10.2m | Added +2.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 172.4k $8.9m | Added +89.4k |
| ICON ADVISERS INC/CO 1.41% of their portfolio | 145.0k $7.5m | Reduced -7.0k |
| ProShare Advisors LLC 0.01% of their portfolio | 142.6k $7.4m | Reduced -6.6k |
| PALISADE CAPITAL MANAGEMENT, LP 0.32% of their portfolio | 141.3k $7.3m | Reduced -154.7k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 138.7k $7.2m | Reduced -6.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 137.4k $7.1m | Added +19.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 135.8k $7.0m | Added +41.9k |
| Trexquant Investment LP 0.04% of their portfolio | 134.1k $6.9m | Reduced -34.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 130.3k $6.7m | Added +13.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 121.3k $6.3m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 120.3k $6.2m | Reduced -9.4k |
| UBS Group AG 0.00% of their portfolio | 106.2k $5.5m | Reduced -60.2k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 98.2k $5.1m | Added +8.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 96.4k $5.0m | Added +18.7k |
| Nuveen, LLC 0.00% of their portfolio | 95.8k $4.9m | Added +3.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 94.2k $4.9m | Reduced -588 |
| Legal & General Group Plc 0.00% of their portfolio | 91.3k $4.7m | Reduced -868 |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 85.5k $4.4m | Added +1.8k |
| Quantinno Capital Management LP 0.01% of their portfolio | 85.3k $4.4m | Added +11.7k |
| Swiss National Bank 0.00% of their portfolio | 81.1k $4.2m | Added +800 |
| BESSEMER GROUP INC 0.01% of their portfolio | 71.9k $3.7m | Added +257 |
| Emerald Investment Advisers, LLC 0.23% of their portfolio | 67.2k $3.5m | Added +2.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 63.5k $3.3m | Reduced -539 |
| Edgestream Partners, L.P. 0.09% of their portfolio | 60.5k $3.1m | Reduced -102.6k |
| MARTINGALE ASSET MANAGEMENT L P 0.07% of their portfolio | 60.1k $3.1m | Added +9.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 58.7k $3.1m | Reduced -11.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 58.3k $3.0m | Added +4.4k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 57.5k $3.0m | Reduced -308.9k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 53.0k $2.7m | Added +54 |
| HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio | 49.6k $2.6m | Reduced -2.1k |
| Hodges Capital Management Inc. 0.16% of their portfolio | 47.4k $2.4m | Reduced -7.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.1k $2.4m | Added +9.8k |
| Corient Private Wealth LP 0.00% of their portfolio | 45.7k $2.4m | Added +226 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 45.5k $2.4m | Added +7.5k |
| XTX Topco Ltd 0.03% of their portfolio | 44.2k $2.3m | Added +19.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 42.0k $2.2m | Added +330 |
| Hillsdale Investment Management Inc. 0.05% of their portfolio | 40.6k $2.1m | Reduced -17.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 39.7k $2.1m | Added +207 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 39.2k $2.0m | Reduced -38.3k |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 38.7k $2.0m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 38.6k $2.0m | Added +941 |
| Mitsubishi UFJ Asset Management (UK) Ltd. 0.91% of their portfolio | 38.0k $2.0m | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 37.3k $1.9m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 34.4k $1.8m | Reduced -1.5k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 33.2k $1.7m | Reduced -739 |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 33.0k $1.7m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 32.0k $1.7m | Added +2.6k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 29.4k $1.5m | Reduced -1.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 28.9k $1.5m | Reduced -31.8k |
| Horizon Investments, LLC 0.02% of their portfolio | 27.6k $1.4m | New |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 26.8k $1.4m | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 26.5k $1.4m | Reduced -639 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 25.4k $1.3m | Reduced -54.2k |
| CITIGROUP INC 0.00% of their portfolio | 25.1k $1.3m | Added +14.6k |
| Mariner, LLC 0.00% of their portfolio | 24.8k $1.3m | Added +5.5k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 24.3k $1.3m | Reduced -28.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 23.7k $1.2m | Added +570 |
| SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio | 23.1k $1.2m | Reduced -1.9k |
| North Star Investment Management Corp. 0.06% of their portfolio | 23.0k $1.2m | Unchanged |
| TD Asset Management Inc 0.00% of their portfolio | 22.8k $1.2m | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 22.5k $1.2m | Reduced -3.9k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 22.5k $1.2m | Reduced -2.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 20.6k $1.1m | Reduced -23.1k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 20.1k $1.0m | Reduced -1.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 20.0k $1.0m | Added +9.9k |
| Ilex Capital Partners (UK) LLP 0.02% of their portfolio | 19.8k $1.0m | New |