Marita Zuraitis Sells 5,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $41.40, for a total transaction of $207,000.00. Following the sale, the chief executive officer now owns 315,451 shares in the company, valued at $13,059,671.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $215,450.00.

Horace Mann Educators Trading Down 1.5 %

Shares of HMN stock opened at $41.60 on Wednesday. The company has a market capitalization of $1.70 billion, a P/E ratio of 16.77 and a beta of 0.28. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $41.33 and a 200 day moving average price of $40.27.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.88 by $0.19. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The business had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. During the same period in the previous year, the business earned $0.62 EPS. Horace Mann Educators’s revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.35 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. Horace Mann Educators’s dividend payout ratio (DPR) is 56.45%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HMN shares. Keefe, Bruyette & Woods increased their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Piper Sandler boosted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, February 7th.

Institutional Inflows and Outflows

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

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.