Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells $216,200.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $43.24, for a total transaction of $216,200.00. Following the sale, the chief executive officer now owns 310,451 shares in the company, valued at approximately $13,423,901.24. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Marita Zuraitis also recently made the following trade(s):

• On Thursday, May 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $41.40, for a total value of $207,000.00.
• On Tuesday, April 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $43.09, for a total value of $215,450.00.

Horace Mann Educators Trading Up 1.9%

Shares of HMN stock opened at $43.97 on Friday. The firm has a market capitalization of $1.79 billion, a PE ratio of 17.73 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $44.44. The stock has a fifty day moving average of $41.82 and a two-hundred day moving average of $40.86.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.19. The firm had revenue of $416.40 million during the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Horace Mann Educators’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. Horace Mann Educators’s dividend payout ratio is presently 50.72%.

Horace Mann Educators announced that its board has authorized a share repurchase program on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Vanguard Group Inc. lifted its holdings in shares of Horace Mann Educators by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider’s stock valued at $196,339,000 after buying an additional 32,586 shares during the period. Franklin Resources Inc. lifted its holdings in Horace Mann Educators by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider’s stock valued at $135,890,000 after acquiring an additional 521,437 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Horace Mann Educators by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider’s stock valued at $104,340,000 after purchasing an additional 47,074 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Horace Mann Educators by 183.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider’s stock worth $84,827,000 after purchasing an additional 1,400,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Horace Mann Educators by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock worth $22,239,000 after purchasing an additional 8,570 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Wall Street Zen upgraded Horace Mann Educators from a “buy” rating to a “strong-buy” rating in a research note on Friday. Raymond James restated a “strong-buy” rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Piper Sandler increased their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat, Horace Mann Educators presently has an average rating of “Moderate Buy” and an average price target of $46.00.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.