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No insider purchase over the last 90 days. The latest was filed 30 Mar 2026.
Horace Mann Educators Corp: what insiders have been doing
Horace Mann Educators Corp, classified in the Banks sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). From 18 October 2025 to 18 October 2026, the disclosure feed for Horace Mann Educators Corp logged 43 filings by 19 insiders.
Open-market activity splits into 2 purchases totalling €134k and 15 sales totalling €2.2M; 2 insiders sit on the buying side and 6 insiders on the selling side. Sales outweigh purchases by €2.1M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. One trade stands out by size: a sale of €338k from Zuraitis Marita, disclosed on 5 August 2026, or 0.021% of market capitalisation. On the buying side, the filings list 2 senior executives among the declarants.
Compared with its exchange (5,813 companies, median 19 filings), a count of 43 filings is above the norm. Since 2021, the database holds 8 purchases and 68 sales by insiders of the company. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 1.70 bn USD and net income at 162.1 m USD, and the dividend at 1.40 USD per share.
In all, 1 purchase was made within 30 days of a purchase by another insider of the company. Purchases made close together by different insiders form what is called a cluster. The last insider purchase was made public on 30 March 2026, 202 days ago. Typically, a trade is published a median of 2 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
189
Thresholds
n/a
Buy Volume
€853,084
8 ops. · all time
Sell Volume
€9M
68 ops. · all time
Who traded when
BuySaleZuraitis Marita19 sales
Beverley J. McClure6 sales
Donald M. Carley5 sales
Conklin Bret A2 sales
Fetter Victor2 buys
Henry Wade Reece2 sales
+5 other insiders
Since the insiders bought
- +22.0%Entry US$42.68 · Close at T+90 US$52.06
- +2.9%Entry US$44.42 · Close at T+90 US$45.73
- -12.3%Entry US$37.85 · Close at T+365 US$33.18
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Horace Mann Educators Corp Buy (bullish), based on 2 analysts. Average price target: US$56.50.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 2,912 of 24,148 companies
72.1
score / 100
Value81
Quality63
FCF yld30%
Earn yld8.7%
EV/EBITDA8.7x
ROE12%
Gross mgn·
Net mgn10.0%
Debt/EBITDA2.1x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$45.98
Analyst consensus
2 analystsBuy
US$54.00Target US$56.50(+23%)US$59.00
Income statement
RevenueUS$1.6B
EBITDAUS$281.3M17% margin
Net incomeUS$162.1M10.2% margin
Valuation
PER (trailing)10.8x
PER (forward)8.6x
P/Book1.2x
Beta0.10
Balance sheet & cash
Market capUS$1.9B
Total debtUS$593.4M
Free Cash FlowUS$553.2M
Debt / Equity40%
Profitability & ownership
ROE12.4%
ROA1.0%
% insiders1.6%
% institutions106.3%
Last declaration on 16 October 2026
Declarations189 total
4,767 shares@ US$46.2313CommonSEC144:0001959173-26-007413
2,083 shares@ US$46.25570.0052% mcap1.3% of flowCommonSEC144:0001959173-26-007403
550 shares@ US$46.0130.0014% mcap0.3% of flowCommon StockSEC:0001214659-26-012794:0
550 shares@ US$46.01350.0014% mcap0.3% of flowCommonSEC144:0001959173-26-007318
100 shares@ US$46.000.0002% mcap0.1% of flowCommonSEC144:0001959173-26-007295
2,054 shares@ US$52.2810.0057% mcap11.7% of flowCommon StockSEC:0001214659-26-011461:0
2,054 shares@ US$52.28090.0057% mcap11.7% of flowCommonSEC144:0001959173-26-006700
3,237 shares@ US$52.220.0090% mcap29.8% of flowCommonSEC144:0001959173-26-006697
7,500 shares@ US$50.990.020% mcap5.1% of flowCommon StockSEC:0001214659-26-011395:0
5,000 shares@ US$51.72460.014% mcap21.5% of flowCommon StockSEC:0001214659-26-010332:0
1,359 shares@ US$51.5220.0038% mcap11.7% of flowCommon StockSEC:0001214659-26-010333:0
1,359 shares@ US$51.52140.0038% mcap11.7% of flowCommonSEC144:0001959173-26-005951
7,500 shares@ US$52.0330.021% mcap5.2% of flowCommon StockSEC:0001214659-26-009623:0
7,500 shares@ US$51.850.021% mcap5.2% of flowCommonSEC144:0001959173-26-005501
7,500 shares@ US$51.870.021% mcap5.2% of flowCommonSEC144:0001959173-26-005020
70,424 sharesCommon StockSEC:0001214659-26-007768:0
63,678 sharesCommon StockSEC:0001214659-26-007768:1
71,532 sharesCommon StockSEC:0001214659-26-007768:2
65,465 sharesCommon StockSEC:0001214659-26-007768:3
7,500 shares@ US$46.24620.016% mcap4.6% of flowCommonSEC144:0001959173-26-004268
2,780 shares@ US$46.770.0062% mcap10.7% of flowCommon StockSEC:0001214659-26-006654:0
7,500 shares@ US$46.1620.016% mcap4.5% of flowCommon StockSEC:0001214659-26-005094:0
1,081 shares@ US$42.543.5% of flowCommon StockSEC:0001214659-26-004323:0
180 shares@ US$42.40100.0% of flowCommon StockSEC:0001214659-26-003964:0
Canonical exit: 24 Jun 2026 (T+90)
2,295 shares0Common StockSEC:0001214659-26-002925:0
25 of 189 declarations
About Horace Mann Educators Corp
Horace Mann Educators Corp /DE/ (ticker HMN) is an insurance and financial services company listed on the NYSE in the United States. The company was founded in 1945 by two Springfield, Illinois teachers, originally to provide affordable auto insurance for educators. It is headquartered in Springfield, Illinois, and its corporate identity remains closely tied to the education community. Horace Mann positions itself as a specialist financial partner for America’s educators and other community-serving professionals, with a long-standing focus on protection, savings, and retirement needs.
Horace Mann’s business model is built around three main operating segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. Property & Casualty is centered mainly on personal auto and homeowners insurance. Life & Retirement includes tax-qualified fixed and variable annuities as well as life insurance products. Supplemental & Group Benefits covers individual supplemental insurance such as accident, cancer, hospital, critical illness, and supplemental disability, plus group benefits including group disability, group life, and group supplemental health coverage. This product mix allows the company to address both core protection and long-duration savings needs, while deepening relationships with its target customer base.
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From a competitive standpoint, Horace Mann is best viewed as a focused niche insurer rather than a broad mass-market carrier. Its competitive advantage comes from specialization: the company understands the financial profile of teachers and school employees, has built a recognizable brand in that community, and combines insurance distribution with retirement and financial wellness solutions. Management also highlights non-insurance support services such as student loan solutions, financial wellness workshops, and other educator-oriented resources. For investors, that creates a differentiated franchise with a relatively stable target market, though earnings remain exposed to underwriting performance, catastrophe risk, reserve development, and interest-rate dynamics.
Geographically, Horace Mann is primarily a U.S. domestic company. Its business is concentrated in the United States, where it markets directly to K-12 teachers, administrators, and other public-school employees, as well as to other community-serving professionals and their families. The brand and distribution model are therefore highly aligned with the U.S. education ecosystem rather than international expansion.
Recent company updates point to improving operating momentum. In its 2025 full-year results, Horace Mann reported total revenues of $1.7014 billion, net income of $162.1 million, and record core earnings of $4.71 per share, alongside a 12.4% trailing 12-month core return on equity. Management also said individual supplemental sales rose sharply and group benefits achieved strong growth, supported by a broader distribution build-out and stronger marketing capabilities. The latest SEC Form 4 insider transactions should be interpreted as governance and sentiment data points rather than standalone investment signals, but they are relevant for market monitoring around HMN.
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