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Victor Fetter, a director at Horace Mann Educators Corp (NYSE:HMN), recently purchased 3,500 shares of the company’s common stock. The transaction, dated May 20, 2025, was executed at a price of $44.03 per share, amounting to a total investment of $154,105. The purchase comes as the stock trades near its 52-week high of $44.44, with InvestingPro analysis suggesting the company is currently undervalued.
Following this acquisition, Fetter’s direct ownership in Horace Mann Educators Corp now includes 14,654.703 shares. This figure comprises 3,954.703 vested restricted stock units and 10,700 shares of common stock. The $1.76 billion market cap company boasts a solid 3.25% dividend yield and has raised its dividend for 15 consecutive years. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of HMN’s financial health and growth potential.
In other recent news, Horace Mann Educators Corporation has reported several notable developments. The company announced the outcomes of its Annual Meeting of Shareholders, where nine directors were elected, and executive compensation was approved. Additionally, KPMG LLP was ratified as the independent registered public accounting firm for the upcoming fiscal year. In financial news, Raymond (NSE:RYMD) James has increased its price target for Horace Mann shares to $49, maintaining a Strong Buy rating, citing the company’s robust distribution network and customer relationships. The firm also revised its earnings per share estimates for the coming years, reflecting an optimistic growth outlook.
Meanwhile, Horace Mann has authorized a new $50 million share repurchase program, complementing its strategic growth initiatives and capital management plan. The company also announced a strategic partnership with Crayola, aimed at enhancing creative educational programs, including the sponsorship of Crayola Creativity Week. Analysts at JMP have reiterated a Market Perform rating on Horace Mann stock, noting the company’s efforts to achieve target margins in the property and casualty insurance sector by 2025. These developments underscore Horace Mann’s ongoing strategic initiatives and commitment to shareholder value.
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