Insider Selling: Horace Mann Educators (NYSE:HMN) CEO Sells 6,815 Shares of Stock

Key Points

• CEO Marita Zuraitis sold 6,815 shares on May 1 at an average price of $46.16 for about $314,580, executing the trade under a pre-arranged Rule 10b5-1 plan and reducing her position by 2.11% to 315,997 shares.
• Horace Mann raised its quarterly dividend to $0.36 (annualized $1.44), implying a yield of about 3.1% and a payout ratio near 36.9%.
• The stock trades around $46 with a market cap of $1.86 billion and a PE of 11.83, and analysts' consensus is an average Buy rating with a $47.33 price target.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 6,815 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $46.16, for a total value of $314,580.40. Following the completion of the transaction, the chief executive officer owned 315,997 shares in the company, valued at $14,586,421.52. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, May 4th, Marita Zuraitis sold 266 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.16, for a total value of $12,278.56.
• On Thursday, April 23rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.16, for a total value of $346,200.00.

Horace Mann Educators Stock Performance

HMN stock traded up $0.55 during trading on Tuesday, hitting $46.11. The company had a trading volume of 122,909 shares, compared to its average volume of 242,052. The firm has a market cap of $1.86 billion, a PE ratio of 11.83 and a beta of 0.11. Horace Mann Educators Corporation has a 1-year low of $40.04 and a 1-year high of $48.33. The firm has a 50-day moving average price of $43.63 and a 200-day moving average price of $44.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter. Horace Mann Educators had a return on equity of 13.92% and a net margin of 9.53%.The firm had revenue of $434.80 million for the quarter. On average, analysts expect that Horace Mann Educators Corporation will post 4.36 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.44 dividend on an annualized basis and a yield of 3.1%. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.35. Horace Mann Educators's dividend payout ratio is presently 36.92%.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently bought and sold shares of HMN. Aster Capital Management DIFC Ltd purchased a new stake in Horace Mann Educators in the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its stake in Horace Mann Educators by 49.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider's stock valued at $31,000 after buying an additional 232 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Horace Mann Educators by 222.3% in 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Horace Mann Educators in the 4th quarter valued at approximately $51,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Horace Mann Educators in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HMN. Wall Street Zen lowered Horace Mann Educators from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Horace Mann Educators in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Horace Mann Educators has an average rating of "Buy" and an average price target of $47.33.

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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