Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be given a dividend of 0.36 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th.
Horace Mann Educators has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Horace Mann Educators has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $4.86 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 29.6%.
Horace Mann Educators Trading Up 1.3%
NYSE HMN opened at $46.78 on Thursday. The company has a fifty day simple moving average of $44.11 and a two-hundred day simple moving average of $44.41. The stock has a market cap of $1.89 billion, a P/E ratio of 11.75 and a beta of 0.11. Horace Mann Educators has a 12-month low of $40.04 and a 12-month high of $48.33. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40.
Insider Transactions at Horace Mann Educators
In other news, CEO Marita Zuraitis sold 6,815 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $46.16, for a total value of $314,580.40. Following the sale, the chief executive officer owned 315,997 shares in the company, valued at $14,586,421.52. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Victor Fetter acquired 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $42.73 per share, for a total transaction of $149,555.00. Following the purchase, the director directly owned 22,292 shares of the company’s stock, valued at approximately $952,537.16. This trade represents a 18.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 16,067 shares of company stock worth $737,683 over the last 90 days. 3.60% of the stock is currently owned by company insiders.
Institutional Trading of Horace Mann Educators
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in Horace Mann Educators during the third quarter valued at $29,000. Smartleaf Asset Management LLC grew its position in Horace Mann Educators by 49.7% during the third quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock valued at $31,000 after buying an additional 232 shares during the period. EverSource Wealth Advisors LLC grew its position in Horace Mann Educators by 222.3% during the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider’s stock valued at $39,000 after buying an additional 627 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Horace Mann Educators during the fourth quarter valued at $51,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Horace Mann Educators during the fourth quarter valued at $51,000. Institutional investors and hedge funds 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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