Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis Sells 4,000 Shares of 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 owns 298,324 shares in the company, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 Down 2.8 %

Horace Mann Educators stock opened at $37.88 on Tuesday. The firm has a 50 day moving average of $40.32 and a 200 day moving average of $36.52. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.09 and a beta of 0.31. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-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.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share 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 the consensus estimate of $293.87 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, research analysts predict that Horace Mann Educators Co. will post 2.58 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm 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 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 Analysts Forecast Growth

Several equities research analysts have recently commented on HMN shares. Piper Sandler upped their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company 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 increased their target price for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMN. Franklin Resources Inc. boosted its stake in 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. Assenagon Asset Management S.A. boosted its position in shares of Horace Mann Educators by 129.0% during the 3rd 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 during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Horace Mann Educators by 8.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after acquiring an additional 86,766 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Horace Mann Educators by 476.8% during the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after acquiring an additional 64,087 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after acquiring an additional 53,961 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

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.