Horace Mann Educators Corporation (NYSE:HMN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.66 and traded as high as $51.75. Horace Mann Educators shares last traded at $51.6520, with a volume of 297,275 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Horace Mann Educators currently has an average rating of “Strong Buy” and an average price target of $48.00.
Check Out Our Latest Analysis on HMN
Horace Mann Educators Stock Down 0.1%
Horace Mann Educators (NYSE:HMN – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. Horace Mann Educators had a return on equity of 14.15% and a net margin of 9.63%.The firm had revenue of $429.30 million during the quarter, compared to analyst estimates of $319.10 million. During the same period in the previous year, the company earned $1.07 earnings per share. Horace Mann Educators’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Horace Mann Educators Corporation will post 4.49 earnings per share for the current fiscal year.
Horace Mann Educators Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, June 15th. Horace Mann Educators’s payout ratio is 36.18%.
Insider Activity
In related news, CEO Marita Zuraitis sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $52.62, for a total transaction of $394,650.00. Following the sale, the chief executive officer directly owned 314,629 shares of the company’s stock, valued at approximately $16,555,777.98. This represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 22,500 shares of company stock worth $1,087,668. Corporate insiders own 3.60% of the company’s stock.
Institutional Trading of Horace Mann Educators
A number of institutional investors and hedge funds have recently modified their holdings of HMN. EverSource Wealth Advisors LLC grew its position in shares of Horace Mann Educators by 222.3% during the 2nd 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 last quarter. Kemnay Advisory Services Inc. bought a new position in Horace Mann Educators in the fourth quarter worth about $51,000. Los Angeles Capital Management LLC bought a new position in Horace Mann Educators in the fourth quarter worth about $51,000. Osaic Holdings Inc. boosted its stake in Horace Mann Educators by 181.5% in the second quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 855 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Horace Mann Educators by 10,953.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,437 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 1,424 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.
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.
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