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 business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were 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 stock was 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 value of $1,560,856.02.

Horace Mann Educators Price Performance

NYSE:HMN traded down $1.11 during trading hours on Monday, reaching $37.88. 175,541 shares of the company were exchanged, compared to its average volume of 160,680. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.26. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $40.31 and its 200-day moving average is $36.49. The firm has a market cap of $1.54 billion, a PE ratio of 15.09 and a beta of 0.31.

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 the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced 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 yield of 3.59%. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HMN. Quarry LP lifted its holdings in shares of Horace Mann Educators by 1,798.0% in the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 899 shares during the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 540 shares in the last quarter. KBC Group NV raised its position in 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 in the last quarter. Point72 DIFC Ltd lifted its stake in Horace Mann Educators by 22.2% in the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 829 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of Horace Mann Educators by 37.4% during the 2nd quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock worth $193,000 after purchasing an additional 1,611 shares during the last quarter. Hedge funds and other institutional investors 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.