Horace Mann Educators (NYSE:HMN) Hits New 12-Month High After Dividend Announcement

Horace Mann Educators Co. (NYSE:HMN) shares hit a new 52-week high during trading on Monday following a dividend announcement from the company. The company traded as high as $43.41 and last traded at $43.40, with a volume of 29720 shares. The stock had previously closed at $42.33.

The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.35 dividend. The ex-dividend date is Monday, March 17th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.37%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HMN. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler increased 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. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.67.

Horace Mann Educators Trading Down 2.6 %

The company has a market cap of $1.69 billion, a P/E ratio of 16.76 and a beta of 0.31. 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 business has a fifty day moving average price of $39.46 and a 200-day moving average price of $38.26.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the transaction, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,817 shares of company stock valued at $415,140. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Horace Mann Educators

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Horace Mann Educators by 12.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,246 shares of the insurance provider’s stock valued at $5,149,000 after purchasing an additional 14,844 shares during the last quarter. State of Wyoming boosted its stake in shares of Horace Mann Educators by 20.3% in the 4th quarter. State of Wyoming now owns 7,158 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 1,209 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Horace Mann Educators by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider’s stock valued at $3,408,000 after purchasing an additional 1,022 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Horace Mann Educators by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider’s stock valued at $917,000 after buying an additional 810 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Horace Mann Educators by 293.0% during the fourth quarter. Deutsche Bank AG now owns 92,035 shares of the insurance provider’s stock worth $3,611,000 after buying an additional 68,617 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

About Horace Mann Educators

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.