Horace Mann Educators Corporation (NYSE:HMN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.66 and traded as high as $51.75. Horace Mann Educators shares last traded at $51.6520, with a volume of 297,275 shares changing hands.
Analysts Set New Price Targets
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 and one has assigned a Buy rating to the company. According to data from MarketBeat, Horace Mann Educators currently has a consensus rating of “Strong Buy” and a consensus price target of $48.00.
Check Out Our Latest Report on Horace Mann Educators
Horace Mann Educators Stock Up 0.1%
Horace Mann Educators (NYSE:HMN – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The insurance provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Horace Mann Educators had a net margin of 9.63% and a return on equity of 14.15%. The company had revenue of $429.30 million for the quarter, compared to analyst estimates of $319.10 million. During the same quarter last year, the business earned $1.07 EPS. Horace Mann Educators’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side 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 was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Horace Mann Educators’s dividend payout ratio (DPR) is 36.18%.
Insiders Place Their Bets
In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was 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 approximately $14,901,001.92. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,000 shares of company stock valued at $1,433,868 in the last 90 days. 3.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Horace Mann Educators
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Horace Mann Educators by 0.6% in the 1st 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 in the last quarter. State Street Corp grew its holdings in shares of 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 during the 2nd quarter worth approximately $72,363,000. Geode Capital Management LLC increased its position in Horace Mann Educators by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,042,622 shares of the insurance provider’s stock worth $48,156,000 after purchasing an additional 28,763 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Horace Mann Educators by 1.6% in the third 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. 99.28% of the stock is currently owned by hedge funds and other institutional investors.
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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