Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells $1,560,856.02 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Horace Mann Educators Stock Up 1.8 %

Shares of Horace Mann Educators stock opened at $37.02 on Thursday. The business has a fifty day simple moving average of $34.96 and a 200 day simple moving average of $34.60. The stock has a market cap of $1.52 billion, a PE ratio of 23.73 and a beta of 0.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators Co. has a 12 month low of $30.70 and a 12 month high of $39.25.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. Research analysts predict that Horace Mann Educators Co. will post 2.63 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.67%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James assumed coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective on the stock. Piper Sandler raised their price target on Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Hedge Funds Weigh In On Horace Mann Educators

Several institutional investors and hedge funds have recently made changes to their positions in HMN. Bessemer Group Inc. lifted its holdings in Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 483 shares in the last quarter. Quarry LP raised its position in shares of Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $35,000. Finally, nVerses Capital LLC bought a new stake in Horace Mann Educators during the 2nd quarter worth approximately $59,000. 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.