Horace Mann Educators (NYSE:HMN) CEO Sells $224,050.00 in Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $44.81, for a total value of $224,050.00. Following the completion of the transaction, the chief executive officer directly owned 293,788 shares of the company’s stock, valued at $13,164,640.28. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, September 2nd, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $45.76, for a total value of $228,800.00.
• On Friday, August 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $42.28, for a total value of $211,400.00.

Horace Mann Educators Trading Up 0.5%

Shares of HMN opened at $44.42 on Friday. The company has a market capitalization of $1.81 billion, a P/E ratio of 13.14 and a beta of 0.21. Horace Mann Educators Corporation has a one year low of $34.19 and a one year high of $47.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50-day moving average price of $44.95 and a 200 day moving average price of $42.97.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.45. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.Horace Mann Educators’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. Sell-side analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. Horace Mann Educators’s dividend payout ratio is currently 41.42%.

Institutional Trading of Horace Mann Educators

A number of institutional investors and hedge funds have recently made changes to their positions in HMN. Hennessy Advisors Inc. acquired a new stake in shares of Horace Mann Educators during the 2nd quarter worth approximately $10,377,000. Arrowstreet Capital Limited Partnership grew its holdings in Horace Mann Educators by 43.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider’s stock worth $31,495,000 after buying an additional 220,275 shares in the last quarter. American Century Companies Inc. grew its holdings in Horace Mann Educators by 66.7% in the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock worth $23,507,000 after buying an additional 220,174 shares in the last quarter. Marshall Wace LLP bought a new position in Horace Mann Educators in the 2nd quarter worth approximately $5,749,000. Finally, Nuveen LLC bought a new position in Horace Mann Educators in the 1st quarter worth approximately $5,089,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HMN has been the topic of several research reports. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the company an “outperform” rating in a research note on Monday, July 28th. Piper Sandler upped their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Wall Street Zen cut Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Horace Mann Educators in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.