Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis Sells 4,000 Shares

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 298,324 shares of the company’s stock, valued at approximately $11,753,965.60. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $167,880.00.
• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.24, for a total value of $148,960.00.
• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02.

Horace Mann Educators Price Performance

NYSE:HMN opened at $37.75 on Thursday. The stock has a market capitalization of $1.54 billion, a PE ratio of 15.04 and a beta of 0.31. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The firm has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $36.56. 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 announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, research analysts expect that Horace Mann Educators Co. will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.60%. Horace Mann Educators’s dividend payout ratio is 54.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after purchasing an additional 359,083 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after purchasing an additional 21,430 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Horace Mann Educators in the second quarter valued at about $636,000. Barclays PLC lifted its stake 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 worth $2,446,000 after buying an additional 53,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Horace Mann Educators by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after buying an additional 6,254 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HMN shares. Piper Sandler increased their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four equities research 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 stock has a consensus rating of “Hold” and a consensus target price of $42.67.

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.