Marita Zuraitis Sells 42,117 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Horace Mann Educators Stock Performance

Shares of HMN opened at $36.35 on Wednesday. The company has a market capitalization of $1.49 billion, a PE ratio of 23.30 and a beta of 0.28. Horace Mann Educators Co. has a one year low of $30.70 and a one year high of $39.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The company’s fifty day moving average price is $34.90 and its 200 day moving average price is $34.60.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $388.10 million for the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. As a group, analysts expect that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.74%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 483 shares during the period. Quarry LP increased its holdings in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC increased its holdings in shares of Horace Mann Educators by 142.1% during 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 during the period. Summit Securities Group LLC bought a new position in shares of Horace Mann Educators during the 2nd quarter worth about $35,000. Finally, nVerses Capital LLC bought a new position in shares of Horace Mann Educators during the 2nd quarter worth about $59,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HMN shares. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.