Insider Selling: Horace Mann Educators (NYSE:HMN) CEO Sells 266 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 266 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $46.16, for a total value of $12,278.56. Following the completion of the transaction, the chief executive officer directly owned 315,731 shares in the company, valued at approximately $14,574,142.96. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marita Zuraitis also recently made the following trade(s):

• On Friday, May 1st, Marita Zuraitis sold 6,815 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.16, for a total value of $314,580.40.
• On Thursday, April 23rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.16, for a total transaction of $346,200.00.

Horace Mann Educators Trading Up 1.1%

HMN traded up $0.51 during midday trading on Tuesday, hitting $46.07. 122,909 shares of the company were exchanged, compared to its average volume of 242,052. The firm’s 50 day moving average price is $43.63 and its 200-day moving average price is $44.35. Horace Mann Educators Corporation has a 1-year low of $40.04 and a 1-year high of $48.33. The firm has a market capitalization of $1.86 billion, a P/E ratio of 11.82 and a beta of 0.11. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Friday, February 27th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter. Horace Mann Educators had a net margin of 9.53% and a return on equity of 13.92%. The business had revenue of $434.80 million for the quarter. As a group, equities analysts forecast that Horace Mann Educators Corporation will post 4.36 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. Horace Mann Educators’s payout ratio is presently 36.92%.

Analysts Set New Price Targets

HMN has been the subject of several analyst reports. Wall Street Zen downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.33.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Horace Mann Educators by 262.1% during the third quarter. Teacher Retirement System of Texas now owns 90,671 shares of the insurance provider’s stock worth $4,096,000 after acquiring an additional 65,628 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Horace Mann Educators by 13.3% during the third quarter. American Century Companies Inc. now owns 829,376 shares of the insurance provider’s stock valued at $37,463,000 after purchasing an additional 97,366 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in shares of Horace Mann Educators by 79.4% during the third quarter. Lighthouse Investment Partners LLC now owns 224,211 shares of the insurance provider’s stock valued at $10,128,000 after purchasing an additional 99,210 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Horace Mann Educators by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider’s stock worth $226,199,000 after purchasing an additional 78,079 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Horace Mann Educators by 294.4% in the 3rd quarter. AlphaQuest LLC now owns 28,526 shares of the insurance provider’s stock worth $1,289,000 after buying an additional 21,293 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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.