Marita Zuraitis Sells 4,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02.

Horace Mann Educators Stock Performance

Shares of HMN traded up $1.61 during mid-day trading on Tuesday, hitting $38.99. The stock had a trading volume of 95,973 shares, compared to its average volume of 237,382. Horace Mann Educators Co. has a fifty-two week low of $31.53 and a fifty-two week high of $39.48. The company has a market cap of $1.59 billion, a PE ratio of 19.57 and a beta of 0.27. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $35.56 and its two-hundred day simple moving average is $34.76.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.49%. Horace Mann Educators’s dividend payout ratio is 69.39%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HMN. Keefe, Bruyette & Woods lowered their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Raymond James assumed coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target on the stock. Finally, Piper Sandler boosted their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors have recently made changes to their positions in HMN. Assenagon Asset Management S.A. boosted its stake in shares of Horace Mann Educators by 129.0% in the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after buying an additional 164,036 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Horace Mann Educators by 8.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after purchasing an additional 86,766 shares in the last quarter. Arjuna Capital bought a new position in Horace Mann Educators in the 1st quarter valued at about $2,858,000. Bank of Montreal Can increased its stake in shares of Horace Mann Educators by 476.8% during the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after purchasing an additional 64,087 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Horace Mann Educators in the 2nd quarter valued at approximately $2,037,000. 99.28% of the stock is owned by institutional investors and hedge funds.

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.