Horace Mann Educators Co. (NYSE:HMN) Director Sells $108,060.12 in Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators 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 completion of the transaction, the director now owns 16,352 shares of the company’s stock, valued at $627,262.72. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Horace Mann Educators Stock Performance

NYSE HMN opened at $36.59 on Friday. The company’s 50 day simple moving average is $40.35 and its two-hundred day simple moving average is $36.57. The stock has a market capitalization of $1.49 billion, a PE ratio of 14.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business 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 business earned $0.44 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Analysts predict that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.72%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC grew its position in Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after acquiring an additional 473 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 purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after purchasing an additional 570 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 581 shares in the last quarter. Finally, KBC Group NV lifted 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 worth $58,000 after buying an additional 628 shares during the last quarter. 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.