Horace Mann (HMN)
Insurance, retirement and employee-benefit products tailored to educators and school districts.
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Sells personal auto and home insurance, life and retirement products, and workplace supplemental and group benefits, primarily to U.S. educators and public-school employees. Premiums, contract charges and investment income flow through three reporting segments, supported by school relationships, agents and direct channels.
Provides personal auto, homeowners and umbrella insurance; individual life and retirement products, including tax-qualified annuities and mutual funds; and supplemental and group benefits spanning disability, accident, hospital, cancer, critical illness and group life coverage.
Sales focus on U.S. K–12 educators, administrators, public-school employees and their families, while workplace benefits also reach districts, other employers and associations. School and district relationships combine with local agents, direct sales, call centers and digital service to provide nationwide access within this specialized market.
Earnings come from insurance premiums, contract charges and invested assets. Results depend on insurance pricing and claims, weather-related catastrophe losses, investment returns and interest-rate spreads. State insurance regulation governs rates, underwriting and product approvals, while retirement demand remains linked to educator employment and public-school benefit systems.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Raymond James | Reiterate | Rating: —Target: $42 | Target: $59 |
| Nov 12, 2024 | Keefe, Bruyette & Woods | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.81B · Total debt $594.2M · Total assets $15.60B · Shareholders' equity $1.50B
- Revenue
- $443.5M
- Operating income
- $49.0M
- Net income
- $41.6M
HistoryDividendAnnual yield
| Institutions | 105.79% | 42.85M shares | |
|---|---|---|---|
| 262 holders · as of Jun 30, 2026 | |||
| Insiders | 1.63% | 660.1K shares | |
| 19 holders · as of Sep 8, 2026 | |||
| Adds to | 107.42% | ||
40.50M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 107.42%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.53% | 5.89M | as of Jun 30, 2026 |
Franklin Resources IncInstitution | 7.47% | 3.03M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.02% | 2.84M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 6.51% | 2.64M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.50% | 2.23M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Perry G. Hines | director | −3,237 | $52.22 |
| Sep 3, 2026 | Donald M. Carley | officer: General Counsel | −2,054 | $52.28 |
| Sep 1, 2026 | Marita Zuraitis | director, officer: President & CEO | −7,500 | $50.99 |
| Aug 12, 2026 | Thomas A. Bradley | director | −5,000 | $51.72 |
| Aug 12, 2026 | Henry Wade Reece | director | −1,359 | $51.52 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Horace Mann | $47.72 | −1.00% | $1.95B | 11.3 | 10.2 | 1.1 | +7.7% |
| Equitable | $52.59 | −2.38% | $14.70B | — | 6.5 | 1.4 | −29.8% |
| Aflac | $114.55 | −0.55% | $58.62B | 12.4 | 15.6 | 3.2 | −2.4% |
| Voya | $97.94 | −2.58% | $9.11B | 17.0 | 9.2 | 2.4 | +3.2% |
| Unum Group | $93.64 | +0.09% | $14.81B | 21.8 | 10.5 | 1.1 | −13.8% |
| Progressive | $207.18 | −2.39% | $123.40B | 10.6 | 12.5 | 1.4 | +5.0% |
| Lincoln Financial | $41.08 | −1.44% | $7.98B | 3.5 | 5.0 | 0.4 | +21.2% |
| Median | 12.4 | 9.9 | 1.4 | +0.4% |