Marita Zuraitis Sells 4,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the sale, the chief executive officer now directly owns 300,542 shares of the company’s stock, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Marita Zuraitis also recently made the following trade(s):

• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were 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 shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02.

Horace Mann Educators Trading Up 0.8 %

Shares of NYSE:HMN opened at $41.57 on Friday. The company’s 50-day moving average price is $38.40 and its two-hundred day moving average price is $35.49. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $1.69 billion, a PE ratio of 16.53 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.27%. Horace Mann Educators’s payout ratio is 54.18%.

Institutional Trading of Horace Mann Educators

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after purchasing an additional 359,083 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after buying an additional 164,036 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after buying an additional 86,766 shares during the last quarter. Bank of Montreal Can raised its stake in Horace Mann Educators by 476.8% in the second quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after buying an additional 64,087 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Horace Mann Educators in the second quarter valued at approximately $2,037,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HMN. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler increased their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.67.

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.