Key Points
- Horace Mann Educators CEO Marita Zuraitis sold 7,500 shares on June 2 at an average price of $46.25, totaling $346,875. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The company recently posted better-than-expected quarterly results, with EPS of $1.28 versus the $1.10 estimate and revenue of $429.3 million, ahead of forecasts. Revenue also rose 3.1% year over year.
- Horace Mann announced a quarterly dividend of $0.36 per share, payable June 30, implying an annualized yield of 3.2%. Analysts currently rate the stock a Moderate Buy with a target price of $46.50.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 7,500 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $46.25, for a total transaction of $346,875.00. Following the sale, the chief executive officer owned 307,812 shares of the company's stock, valued at $14,236,305. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Tuesday, May 19th, Marita Zuraitis sold 14 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.15, for a total transaction of $646.10.
- On Wednesday, May 6th, Marita Zuraitis sold 2 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.15, for a total transaction of $92.30.
- On Tuesday, May 5th, Marita Zuraitis sold 403 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.02, for a total transaction of $18,546.06.
- On Monday, May 4th, Marita Zuraitis sold 266 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.16, for a total transaction of $12,278.56.
- 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 transaction of $314,580.40.
- On Thursday, April 23rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.16, for a total transaction of $346,200.00.
Horace Mann Educators Price Performance
HMN opened at $45.56 on Friday. 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 12 month low of $40.04 and a 12 month high of $48.33. The company has a fifty day simple moving average of $45.03 and a 200 day simple moving average of $44.49. The stock has a market cap of $1.84 billion, a P/E ratio of 11.45 and a beta of 0.11.
Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. Horace Mann Educators had a net margin of 9.63% and a return on equity of 14.15%. The business had revenue of $429.30 million during the quarter, compared to analysts' expectations of $319.10 million. During the same quarter in the prior year, the company earned $1.07 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.36 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.2%. Horace Mann Educators's dividend payout ratio is currently 36.18%.
Hedge Funds Weigh In On Horace Mann Educators
A number of large investors have recently modified their holdings of HMN. Ameriprise Financial Inc. boosted its stake in shares of Horace Mann Educators by 51.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider's stock worth $29,971,000 after buying an additional 225,800 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Horace Mann Educators by 310.0% during the 3rd quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider's stock worth $12,427,000 after buying an additional 208,014 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Horace Mann Educators by 32.0% during the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider's stock worth $29,164,000 after buying an additional 156,652 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Horace Mann Educators by 621.0% during the 1st quarter. Edgestream Partners L.P. now owns 163,101 shares of the insurance provider's stock worth $6,961,000 after buying an additional 140,481 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth about $5,749,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on HMN shares. Wall Street Zen cut shares of Horace Mann Educators from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings raised shares of Horace Mann Educators from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Horace Mann Educators has an average rating of "Moderate Buy" and an average target price of $46.50.
Check Out Our Latest Report on Horace Mann Educators
About Horace Mann Educators
(
Get Free Report)
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.
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