Marita Zuraitis, serving as President and Chief Executive Officer of Horace Mann Educators Corp (NASDAQ: HMN), executed a transaction involving the sale of 7,500 shares of the company's common stock on July 1, 2026. The total value of the transaction reached $394,612. The shares were sold at a weighted average price of $52.615 per share, with individual sale prices ranging from $51.55 to $52.90. This sale was carried out under a Rule 10b5-1 trading plan, which Ms. Zuraitis adopted on December 23, 2025. The timing coincides with the stock trading near its 52-week high of $52.93, according to InvestingPro data, which also indicates the stock remains undervalued based on its Fair Value analysis. The company maintains a market cap of $2.17 billion and trades at a P/E ratio of ~13.
Following this transaction, Ms. Zuraitis directly holds 314,629.305 shares of Horace Mann Educators common stock. This total includes 217,395.305 vested restricted stock units and 97,234 shares of common stock.
In other recent news, Horace Mann Educators Corporation reported impressive first-quarter results for 2026, with earnings per share reaching $1.28, surpassing the analysts' forecast of $1.13. The company's revenue also exceeded expectations, totaling $429.3 million compared to the projected $319.5 million. These positive earnings and revenue results highlight a strong start to the year for Horace Mann. Additionally, the company announced a regular quarterly cash dividend of $0.36 per share, payable on June 30, 2026, to shareholders of record as of June 15, 2026.
In corporate governance developments, Horace Mann's shareholders approved the election of nine directors at the recent annual meeting. The directors elected include Thomas A. Bradley, Victor P. Fetter, Perry G. Hines, Mark E. Konen, Beverley J. McClure, H. Wade Reece, Aaliyah A. Samuel, EdD, Elaine A. Sarsynski, and Marita Zuraitis. The shareholders also ratified the company's accounting firm and voted on an advisory resolution regarding executive compensation. Each director nominee received a significant number of votes in favor, reflecting strong shareholder support.