Horace Mann Educators Co. (NYSE:HMN) CEO Sells $46,250.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 1,250 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total transaction of $46,250.00. Following the transaction, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 8th, Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00.
• On Monday, January 29th, Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.09, for a total transaction of $1,858,134.82.

Horace Mann Educators Trading Up 1.7 %

NYSE HMN traded up $0.58 on Thursday, hitting $35.06. 22,080 shares of the company were exchanged, compared to its average volume of 205,697. The company’s 50 day moving average price is $35.93 and its 200-day moving average price is $33.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $1.44 billion, a P/E ratio of 31.94 and a beta of 0.28. Horace Mann Educators Co. has a twelve month low of $27.81 and a twelve month high of $38.29.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.19. The firm had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Analysts predict that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.34 dividend. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.88%. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Analysts Set New Price Targets

Several research firms recently weighed in on HMN. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $40.00 in a report on Monday, January 29th. Piper Sandler reduced their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 5th. StockNews.com cut shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th.

Hedge Funds Weigh In On Horace Mann Educators

A number of large investors have recently made changes to their positions in the business. Cornerstone Wealth Group LLC acquired a new position in shares of Horace Mann Educators in the 1st quarter valued at about $266,000. Goldman Sachs Group Inc. grew its stake in shares of Horace Mann Educators by 9.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 342,884 shares of the insurance provider’s stock valued at $11,212,000 after buying an additional 29,005 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Horace Mann Educators by 12.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,976 shares of the insurance provider’s stock valued at $948,000 after buying an additional 3,141 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Horace Mann Educators by 37.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 11,826 shares of the insurance provider’s stock valued at $387,000 after buying an additional 3,222 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Horace Mann Educators by 0.5% in the 4th quarter. Legal & General Group Plc now owns 113,335 shares of the insurance provider’s stock valued at $3,706,000 after buying an additional 557 shares in the last quarter. Institutional investors and hedge funds 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.