Marita Zuraitis Sells 42,117 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock traded down $0.30 during trading hours on Monday, reaching $36.66. The company had a trading volume of 191,934 shares, compared to its average volume of 238,292. The firm has a market cap of $1.50 billion, a PE ratio of 23.63 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $30.70 and a one year high of $39.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $34.60.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm had revenue of $388.10 million for the quarter, compared to analysts’ expectations of $288.67 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts anticipate that Horace Mann Educators Co. will post 2.63 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is 87.18%.

Analysts Set New Price Targets

HMN has been the subject of a number of recent research reports. Raymond James began coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target for the company. Piper Sandler upped their target price on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Hedge Funds Weigh In On Horace Mann Educators

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its position in shares of Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares during the last quarter. Quarry LP increased its position in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Horace Mann Educators in the second quarter worth approximately $35,000. Finally, nVerses Capital LLC bought a new position in shares of Horace Mann Educators in the second quarter worth approximately $59,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.