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 the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Horace Mann Educators Trading Down 3.1 %

NYSE HMN opened at $36.59 on Friday. 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 business has a fifty day simple moving average of $40.35 and a 200 day simple moving average of $36.57. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.58 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last released its quarterly 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 company had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same period last year, the firm earned $0.44 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, analysts predict that Horace Mann Educators Co. will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HMN. Harbor Capital Advisors Inc. boosted its holdings in shares of Horace Mann Educators by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock worth $1,996,000 after buying an additional 581 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 671 shares during the period. Principal Financial Group Inc. grew its position in shares of Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after acquiring an additional 21,430 shares during the period. Franklin Resources Inc. raised its holdings in shares of Horace Mann Educators by 13.9% in 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 period. Finally, Geode Capital Management LLC lifted its stake in Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after purchasing an additional 22,358 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

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

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.