Horace Mann Educators (NYSE:HMN) Sets New 52-Week High – Here’s Why

Horace Mann Educators Corporation (NYSE:HMN) reached a new 52-week high on Monday . The company traded as high as $52.39 and last traded at $51.40, with a volume of 3878 shares changing hands. The stock had previously closed at $51.60.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Horace Mann Educators from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Horace Mann Educators presently has an average rating of “Buy” and an average price target of $46.50.

Horace Mann Educators Trading Down 0.7%

The stock has a market cap of $2.09 billion, a P/E ratio of 12.99 and a beta of 0.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s fifty day simple moving average is $47.02 and its 200-day simple moving average is $44.99.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Friday, May 8th. The insurance provider reported $1.28 EPS 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 period in the prior year, the firm posted $1.07 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Horace Mann Educators Corporation will post 4.49 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 2.8%. Horace Mann Educators’s dividend payout ratio is 36.18%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $46.25, for a total value of $346,875.00. Following the completion of the transaction, the chief executive officer directly owned 307,812 shares of the company’s stock, valued at approximately $14,236,305. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 22,500 shares of company stock worth $1,039,218. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds have recently added to or reduced their stakes in HMN. Aster Capital Management DIFC Ltd acquired a new position in Horace Mann Educators in the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its position in shares of Horace Mann Educators by 222.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider’s stock worth $39,000 after buying an additional 627 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Horace Mann Educators in the 4th quarter valued at $51,000. Los Angeles Capital Management LLC bought a new stake in shares of Horace Mann Educators in the 4th quarter valued at $51,000. Finally, Osaic Holdings Inc. increased its stake in shares of Horace Mann Educators by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 855 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

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.