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SPRINGFIELD, Ill.—Marita Zuraitis, the President and CEO of Horace Mann Educators Corp . (NYSE:HMN), recently sold 4,000 shares of the company’s common stock. The transaction, which took place on February 3, 2025, was executed at a price of $37.37 per share, amounting to a total sale value of $149,480. The sale comes as the $1.6 billion market cap company maintains a "GOOD" financial health rating according to InvestingPro data, with the stock up nearly 12% over the past year.
This sale was conducted under a Rule 10b5-1 trading plan that Zuraitis adopted on March 14, 2024. Following the transaction, Zuraitis retains ownership of 294,324.133 shares, which includes 207,438.133 vested restricted stock units and 86,886 shares of common stock. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.
Horace Mann Educators Corp. is a company specializing in providing insurance and financial solutions tailored for educators. The company is headquartered in Springfield, Illinois. The company has maintained dividend payments for 33 consecutive years and currently offers a 3.6% dividend yield. InvestingPro subscribers can access 6 additional key insights about HMN’s financial performance and outlook.
In other recent news, Horace Mann Educators Corp. delivered robust growth in the third quarter of 2024, reporting a 73% increase in core earnings to $31.3 million and a 9% rise in revenues. Despite Hurricane Helene’s impact, improvements in loss ratios were noted due to a multi-year profitability strategy. The company also reported sales growth in Auto, Life, and Individual Supplemental Lines and maintains its full-year core EPS guidance of $2.40 to $2.70.
Simultaneously, Keefe, Bruyette & Woods adjusted their position on Horace Mann, downgrading the stock from Outperform to Market Perform, but raised its price target to $44.00. The firm has also increased its earnings per share (EPS) estimates for Horace Mann, taking into account better-than-expected performance in the third quarter of 2024. The revised EPS expectations are based on anticipated higher income from the Property & Casualty and Supplemental & Group Benefits sectors.
These are recent developments that underline the company’s strong performance and future prospects.
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