Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $50.99, for a total transaction of $382,425.00. Following the completion of the transaction, the chief executive officer owned 299,629 shares of the company’s stock, valued at $15,278,082.71. This represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marita Zuraitis also recently made the following trade(s):
- On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $52.03, for a total transaction of $390,225.00.
- On Wednesday, July 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $52.62, for a total transaction of $394,650.00.
Horace Mann Educators Stock Down 1.9%
Shares of Horace Mann Educators stock opened at $50.93 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. The company has a market cap of $2.06 billion, a P/E ratio of 11.90 and a beta of 0.08. The firm’s 50 day moving average price is $51.98 and its 200-day moving average price is $47.48. Horace Mann Educators Corporation has a 52-week low of $41.29 and a 52-week high of $55.56.
Horace Mann Educators Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 33.64%.
Analyst Ratings Changes
HMN has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a research note on Thursday, August 13th. Weiss Ratings upgraded Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of $59.00.
Read Our Latest Research Report on Horace Mann Educators
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. BlackRock Inc. acquired a new position in shares of Horace Mann Educators in the second quarter worth about $304,006,000. California State Teachers Retirement System increased its stake in shares of Horace Mann Educators by 6,414.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,431,579 shares of the insurance provider’s stock valued at $125,591,000 after purchasing an additional 2,394,251 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Horace Mann Educators by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider’s stock valued at $93,243,000 after purchasing an additional 12,556 shares in the last quarter. State Street Corp raised its holdings in Horace Mann Educators by 4.7% in the 4th quarter. State Street Corp now owns 1,697,576 shares of the insurance provider’s stock worth $78,394,000 after purchasing an additional 76,295 shares during the period. Finally, Wasatch Advisors LP acquired a new position in Horace Mann Educators in the 2nd quarter worth about $72,363,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.
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.
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