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Horace Mann Educators Corporation (NYSE:HMN), a leading insurance company with a market capitalization of $1.71 billion and a solid 3.38% dividend yield, announced the results of its Annual Meeting of Shareholders held on May 14, 2025. According to InvestingPro data, the company has maintained dividend payments for 34 consecutive years, demonstrating strong commitment to shareholder returns. The meeting saw the election of nine directors and the approval of executive compensation, as well as the ratification of the company’s auditors for the upcoming fiscal year.
On the record date of March 17, 2025, there were approximately 40.95 million shares of common stock eligible for voting. The election of directors resulted in all nine nominees receiving a significant majority of the votes cast, with the lowest number of votes for a director being 38,363,649. Each director’s election was accompanied by a relatively small number of votes against and abstentions, and a consistent number of broker non-votes across all nominees.
The advisory resolution to approve the compensation of named executive officers was also passed with over 38 million votes in favor, about 1 million against, and 10,438 abstentions. Additionally, the ratification of KPMG LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025, was approved with over 39 million votes for, 889,709 against, and 6,804 abstentions.
The company’s filing with the Securities and Exchange Commission confirms the results of the meeting and the continuation of its current board and executive compensation structure. Horace Mann Educators Corporation’s commitment to corporate governance and shareholder relations is evident in the transparency and reporting of the meeting’s outcomes. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 3.02, indicating robust liquidity. The stock currently trades below its Fair Value, making it one of many opportunities found in the most undervalued stocks list.
This report is based on the company’s SEC filing and reflects the official results as recorded. For deeper insights into Horace Mann’s financial health and investment potential, including additional ProTips and comprehensive analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, Horace Mann Educators Corporation reported strong first-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.07, exceeding the forecasted $1.03, and reported revenue of $416.4 million, significantly above the anticipated $302.65 million. The firm also announced a strategic partnership with Crayola to enhance creative educational programs across the United States, including the sponsorship of Crayola Creativity Week. Additionally, Horace Mann has authorized a new share repurchase program of up to $50 million as part of its long-term strategy to drive shareholder value. Raymond (NSE:RYMD) James has increased its price target for Horace Mann shares from $46.00 to $49.00, maintaining a Strong Buy rating, citing the company’s solid distribution network and durable customer relationships. The company’s recent investor day revealed ambitious financial goals, including a high single-digit compound annual growth rate in revenue over the next three years and an expected return on equity increase to 12-13%. Horace Mann’s performance aligns with these goals, as demonstrated by a 73% year-over-year increase in core EPS and an 8% revenue growth in the first quarter. The company continues to focus on strategic growth initiatives, including the launch of a new customer relationship management system, Catalyst, and expects rate increases in California to bolster future earnings.
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