Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 2,816 Shares

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,816 shares of Horace Mann Educators stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the transaction, the director now directly owns 13,643 shares of the company’s stock, valued at $584,738.98. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Horace Mann Educators Trading Down 3.7 %

HMN opened at $41.48 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock’s 50 day moving average price is $41.13 and its 200-day moving average price is $39.38. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.69. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.38%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators’s payout ratio is 56.45%.

Wall Street Analysts Forecast Growth

HMN has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 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. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Hold” and an average target price of $43.67.

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Horace Mann Educators by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider’s stock worth $196,339,000 after purchasing an additional 32,586 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Horace Mann Educators by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider’s stock valued at $135,890,000 after buying an additional 521,437 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Horace Mann Educators by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,659,695 shares of the insurance provider’s stock valued at $104,340,000 after acquiring an additional 47,074 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Horace Mann Educators by 183.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider’s stock worth $84,827,000 after acquiring an additional 1,400,210 shares during the period. Finally, State Street Corp grew its holdings in Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after acquiring an additional 20,771 shares in the last quarter. 99.28% of the stock is 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.