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

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now owns 298,324 shares in the company, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was 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 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 Price Performance

Shares of HMN stock traded down $1.11 during trading hours on Monday, hitting $37.88. The stock had a trading volume of 175,541 shares, compared to its average volume of 160,680. The stock’s 50-day moving average price is $40.31 and its two-hundred day moving average price is $36.49. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.09 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 (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same period last year, the firm posted $0.44 earnings per share. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts forecast that Horace Mann Educators Co. will post 2.58 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.59%. Horace Mann Educators’s payout ratio is 54.18%.

Wall Street Analyst Weigh In

HMN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler boosted their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold 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 “Hold” and an average price target of $42.67.

Institutional Trading of Horace Mann Educators

Several institutional investors have recently added to or reduced their stakes in HMN. Franklin Resources Inc. increased its position in shares of Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Horace Mann Educators by 129.0% in the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after acquiring an additional 164,036 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Horace Mann Educators by 8.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after acquiring an additional 86,766 shares during the period. Bank of Montreal Can raised its holdings in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after purchasing an additional 64,087 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after purchasing an additional 53,961 shares during the period. 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.