Shares of Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $52.39 and last traded at $51.40, with a volume of 3878 shares trading hands. The stock had previously closed at $51.60.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Horace Mann Educators presently has an average rating of “Buy” and a consensus price target of $46.50.
View Our Latest Stock Report on HMN
Horace Mann Educators Trading Up 0.1%
Horace Mann Educators (NYSE:HMN – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $429.30 million for the quarter, compared to analyst estimates of $319.10 million. Horace Mann Educators had a return on equity of 14.15% and a net margin of 9.63%.The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. On average, equities research analysts predict that Horace Mann Educators Corporation will post 4.49 earnings per share for the current fiscal year.
Horace Mann Educators Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Horace Mann Educators’s dividend payout ratio is 36.18%.
Insiders Place Their Bets
In related news, CEO Marita Zuraitis sold 7,500 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $46.16, for a total transaction of $346,200.00. Following the completion of the sale, the chief executive officer owned 322,812 shares of the company’s stock, valued at $14,901,001.92. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 dated Wednesday, April 1st. The stock was sold at an average price of $42.54, for a total transaction of $45,985.74. Following the sale, the director owned 14,797 shares in the company, valued at $629,464.38. The trade was a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,581 shares of company stock worth $1,085,204 in the last 90 days. 3.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Horace Mann Educators
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings 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 acquiring an additional 225,800 shares during the period. Millennium Management LLC increased its stake in Horace Mann Educators by 310.0% in the third quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider’s stock valued at $12,427,000 after acquiring an additional 208,014 shares during the last quarter. Invesco Ltd. increased its stake in Horace Mann Educators by 32.0% in the third quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock valued at $29,164,000 after acquiring an additional 156,652 shares during the last quarter. Edgestream Partners L.P. raised its position in Horace Mann Educators by 621.0% during the first quarter. Edgestream Partners L.P. now owns 163,101 shares of the insurance provider’s stock valued at $6,961,000 after purchasing an additional 140,481 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Horace Mann Educators during the second quarter valued at approximately $5,749,000. 99.28% of the stock is currently 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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