Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 299,629 shares of the company’s stock, valued at approximately $15,278,082.71. This represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was 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 Price Performance
Shares of NYSE HMN traded up $0.72 during mid-day trading on Thursday, reaching $52.22. 46,540 shares of the company were exchanged, compared to its average volume of 248,182. Horace Mann Educators Corporation has a 52 week low of $41.29 and a 52 week high of $55.56. 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 stock has a market capitalization of $2.12 billion, a PE ratio of 12.20 and a beta of 0.08. The company’s 50 day moving average price is $51.97 and its 200 day moving average price is $47.39.
Horace Mann Educators Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, September 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.8%. Horace Mann Educators’s dividend payout ratio is 33.64%.
Institutional Investors Weigh In On Horace Mann Educators
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Horace Mann Educators in the 2nd quarter worth approximately $304,006,000. California State Teachers Retirement System boosted its stake in shares of Horace Mann Educators by 6,414.1% during the second 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 during the period. Wasatch Advisors LP bought a new position in shares of Horace Mann Educators in the second quarter worth approximately $72,363,000. Bank of America Corp DE bought a new position in shares of Horace Mann Educators in the second quarter worth approximately $29,287,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Horace Mann Educators in the second quarter worth $20,061,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on HMN shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 target price on shares of Horace Mann Educators in a research note on Thursday, August 13th. Weiss Ratings raised shares of 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 shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of $59.00.
View Our Latest Research Report on HMN
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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