Horace Mann Educators (NYSE:HMN) General Counsel Donald Carley Sells 3,551 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) General Counsel Donald Carley sold 3,551 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $52.00, for a total value of $184,652.00. Following the transaction, the general counsel directly owned 25,394 shares of the company’s stock, valued at $1,320,488. This represents a 12.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Horace Mann Educators Trading Up 1.3%

Horace Mann Educators stock opened at $53.75 on Wednesday. The firm’s 50 day moving average price is $47.73 and its two-hundred day moving average price is $47.15. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 12.53 and a beta of 0.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.08 and a current ratio of 0.09. Horace Mann Educators Corporation has a 1 year low of $41.29 and a 1 year high of $55.56.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.10 by $0.96. Horace Mann Educators had a net margin of 10.16% and a return on equity of 16.07%. The business had revenue of $439.20 million during the quarter, compared to the consensus estimate of $320.00 million. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, research analysts predict that Horace Mann Educators Corporation will post 5.85 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.7%. Horace Mann Educators’s payout ratio is 33.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HMN. Wall Street Zen raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 target price on shares of Horace Mann Educators in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. Finally, Zacks Research lowered shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $59.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in Horace Mann Educators during the 2nd quarter worth $29,287,000. Hsbc Holdings PLC purchased a new stake in shares of Horace Mann Educators during the 4th quarter worth approximately $914,000. Emerald Investment Advisers LLC purchased a new position in Horace Mann Educators in the second quarter valued at approximately $3,471,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Horace Mann Educators in the second quarter worth $1,705,000. Finally, BlackRock Inc. bought a new position in Horace Mann Educators during the second quarter worth about $304,006,000. Institutional investors own 99.28% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators, the company develops products and services with the needs of education professionals in mind. Its offerings include auto, homeowners and life insurance, as well as retirement annuities and other financial products. The company also provides supplemental insurance and services intended to help educators manage student loan debt.