Insider Selling: Horace Mann Educators Co. (NYSE:HMN) Director Sells 2,817 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the transaction, the director now owns 16,352 shares of the company’s stock, valued at $627,262.72. This represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Horace Mann Educators Price Performance

HMN stock opened at $37.75 on Friday. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $43.26. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.04 and a beta of 0.31. The firm has a 50 day moving average price of $40.35 and a 200-day moving average price of $36.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Equities research analysts forecast that Horace Mann Educators Co. will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on HMN. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler upped their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.67.

Hedge Funds Weigh In On Horace Mann Educators

Several large investors have recently made changes to their positions in the business. Quarry LP grew its stake in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 899 shares in the last quarter. GAMMA Investing LLC raised its position in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the period. KBC Group NV lifted its stake in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 628 shares during the last quarter. Point72 DIFC Ltd increased its position in shares of 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 during the last quarter. Finally, Quest Partners LLC increased its position in Horace Mann Educators by 37.4% during the second quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock valued at $193,000 after acquiring an additional 1,611 shares during the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.