Insider Selling: Horace Mann Educators (NYSE:HMN) CEO Sells 7,500 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 7,500 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $52.03, for a total value of $390,225.00. Following the completion of the transaction, the chief executive officer owned 307,129 shares of the company’s stock, valued at $15,979,921.87. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marita Zuraitis also recently made the following trade(s):

• 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 value of $394,650.00.
• On Tuesday, June 2nd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.25, for a total value of $346,875.00.
• On Tuesday, May 19th, Marita Zuraitis sold 14 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.15, for a total transaction of $646.10.

Horace Mann Educators Trading Up 0.0%

HMN stock traded up $0.01 during mid-day trading on Wednesday, hitting $51.98. 48,322 shares of the company were exchanged, compared to its average volume of 249,771. Horace Mann Educators Corporation has a 12-month low of $41.29 and a 12-month high of $55.56. The firm has a market capitalization of $2.10 billion, a P/E ratio of 13.09 and a beta of 0.08. The business has a fifty day simple moving average of $50.38 and a 200-day simple moving average of $46.17. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $429.30 million during the quarter, compared to analysts’ expectations of $319.10 million. Horace Mann Educators had a net margin of 9.63% and a return on equity of 14.15%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given 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 was Monday, June 15th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 36.18%.

Institutional Trading of Horace Mann Educators

A number of large investors have recently modified their holdings of HMN. Dimensional Fund Advisors LP boosted its holdings in Horace Mann Educators by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider’s stock valued at $93,243,000 after purchasing an additional 12,556 shares during the period. State Street Corp increased its holdings in Horace Mann Educators by 4.7% during the 4th quarter. State Street Corp now owns 1,697,576 shares of the insurance provider’s stock worth $78,394,000 after purchasing an additional 76,295 shares during the period. Wasatch Advisors LP acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $72,363,000. Geode Capital Management LLC raised its position in Horace Mann Educators by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,042,622 shares of the insurance provider’s stock valued at $48,156,000 after purchasing an additional 28,763 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Horace Mann Educators by 1.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 744,369 shares of the insurance provider’s stock valued at $33,623,000 after buying an additional 11,411 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Strong Buy”.

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.