Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $48.69 and last traded at $48.5910, with a volume of 11677 shares changing hands. The stock had previously closed at $47.67.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Horace Mann Educators from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.
Check Out Our Latest Analysis on HMN
Horace Mann Educators Trading Up 1.9%
Horace Mann Educators (NYSE:HMN – Get Free Report) last issued its earnings results on Friday, May 8th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $429.30 million for the quarter, compared to analysts’ expectations of $319.10 million. During the same period last year, the business earned $1.07 EPS. Horace Mann Educators’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that Horace Mann Educators Corporation will post 4.49 earnings per share for the current fiscal year.
Horace Mann Educators Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 36.18%.
Insiders Place Their Bets
In related news, CEO Marita Zuraitis sold 7,500 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $46.16, for a total value of $346,200.00. Following the transaction, the chief executive officer directly owned 322,812 shares in the company, valued at $14,901,001.92. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Beverley J. Mcclure sold 1,081 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total value of $45,985.74. Following the completion of the transaction, the director owned 14,797 shares in the company, valued at approximately $629,464.38. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,581 shares of company stock worth $1,085,204. 3.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Horace Mann Educators
Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in Horace Mann Educators during the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in Horace Mann Educators by 49.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 627 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Horace Mann Educators during the 4th quarter valued at $51,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Horace Mann Educators during the 4th quarter valued at $51,000. 99.28% of the stock is currently owned by institutional investors.
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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