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SPRINGFIELD, IL—Marita Zuraitis, President and CEO of Horace Mann Educators Corp (NYSE:HMN), recently sold 5,000 shares of the company’s common stock. The shares were sold at a weighted average price of $43.091, resulting in a total transaction value of $215,455. This sale was executed as part of a Rule 10b5-1 trading plan, which Zuraitis adopted on November 18, 2024.
Following this transaction, Zuraitis retains ownership of approximately 320,451 shares, which include 209,137 vested restricted stock units and 111,314 shares of common stock. The shares sold were transacted in multiple trades, with prices ranging from $42.28 to $43.43. InvestingPro analysis shows the company maintains a healthy 3.22% dividend yield and has raised its dividend for 15 consecutive years, demonstrating strong financial health with a "GOOD" overall rating. Discover more insights about HMN and 1,400+ other stocks with InvestingPro’s comprehensive research reports.
In other recent news, Horace Mann Educators Corporation reported a significant increase in net income for 2024, reaching $102.8 million, up from $45.0 million in the previous year. This growth was driven by stronger results in auto insurance and higher net investment income, despite higher crediting rates on fixed annuities. Moody’s Ratings affirmed Horace Mann’s Baa2 senior unsecured debt rating and A2 insurance financial strength ratings, revising the outlook to stable due to improved underwriting results in its property-casualty operations and steady profitability in life insurance. Meanwhile, Keefe, Bruyette & Woods raised their price target for Horace Mann shares from $44.00 to $45.00, maintaining a Market Perform rating. The analysts revised their earnings per share estimates for 2025 and 2026 to $3.80 and $4.20, respectively, citing anticipated higher income in the Property & Casualty and Supplemental & Group Benefits sectors. JMP Securities highlighted the impact of evolving interest rate environments on the insurance industry, with a focus on recent Federal Reserve actions and potential future rate cuts. These developments reflect Horace Mann’s strategic positioning and financial performance amid changing market conditions.
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