Horace Mann Educators (NYSE:HMN) CEO Marita Zuraitis Sells 550 Shares of Company Stock

Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) CEO Marita Zuraitis sold 550 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $46.01, for a total transaction of $25,305.50. Following the sale, the chief executive officer directly owned 300,734 shares in the company, valued at $13,836,771.34. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.00, for a total value of $4,600.00.
  • On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $50.99, for a total value of $382,425.00.
  • On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Stock Performance

Horace Mann Educators stock traded up $0.14 during trading hours on Tuesday, hitting $45.75. 31,975 shares of the stock traded hands, compared to its average volume of 261,379. The firm’s 50 day moving average price is $49.27 and its 200-day moving average price is $48.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 10.69 and a beta of 0.08. Horace Mann Educators Corporation has a 1 year low of $41.29 and a 1 year high of $55.56.

Horace Mann Educators (NYSE:HMN – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. The firm had revenue of $443.50 million during the quarter, compared to analysts’ expectations of $321.70 million. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. As a group, equities analysts expect that Horace Mann Educators Corporation will post 4.78 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s payout ratio is presently 33.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of Horace Mann Educators in a research note on Friday, September 11th. Wall Street Zen raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Monday. Zacks Research raised shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $59.00 price target on shares of Horace Mann Educators in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $59.00.

Get Our Latest Analysis on Horace Mann Educators

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Horace Mann Educators during the second quarter worth $33,000. Nykredit A S purchased a new position in Horace Mann Educators in the second quarter valued at $43,000. Integrated Wealth Concepts LLC purchased a new position in Horace Mann Educators in the second quarter valued at $47,000. EverSource Wealth Advisors LLC increased its holdings in Horace Mann Educators by 24.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock valued at $51,000 after buying an additional 234 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of Horace Mann Educators in the second quarter worth about $74,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Company Profile

(Get Free Report)

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.

See Also

Insider Buying and Selling by Quarter for Horace Mann Educators (NYSE:HMN)

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