Horace Mann Educators Co. (NYSE:HMN) CEO Sells $157,600.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at $11,753,965.60. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00.
• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00.
• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02.

Horace Mann Educators Stock Performance

NYSE HMN opened at $37.75 on Thursday. The stock has a market cap of $1.54 billion, a P/E ratio of 15.04 and a beta of 0.31. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The company’s 50-day simple moving average is $40.34 and its 200 day simple moving average is $36.56.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. As a group, research analysts forecast that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.34 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.60%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HMN shares. Piper Sandler boosted their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Hold” and an average price target of $42.67.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds have recently made changes to their positions in the company. Quarry LP boosted its position in Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after buying an additional 899 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares in the last quarter. KBC Group NV grew its position in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares during the last quarter. Point72 DIFC Ltd increased its holdings in Horace Mann Educators by 22.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 829 shares in the last quarter. Finally, Quest Partners LLC raised its position in Horace Mann Educators by 37.4% in the 2nd quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock valued at $193,000 after purchasing an additional 1,611 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.