Insider Selling: Horace Mann Educators (NYSE:HMN) CEO Sells $220,378.41 in Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 4,767 shares of Horace Mann Educators stock in a transaction on Friday, October 16th. The stock was sold at an average price of $46.23, for a total transaction of $220,378.41. Following the sale, the chief executive officer directly owned 293,884 shares in the company, valued at $13,586,257.32. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Marita Zuraitis sold 2,083 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.26, for a total transaction of $96,359.58.
• On Thursday, October 8th, Marita Zuraitis sold 550 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.01, for a total transaction of $25,305.50.
• On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.00, for a total value of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $50.99, for a total value of $382,425.00.
• On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Trading Down 0.2%

Shares of HMN opened at $46.36 on Thursday. The company has a market capitalization of $1.88 billion, a P/E ratio of 10.83 and a beta of 0.08. Horace Mann Educators Corporation has a one year low of $41.29 and a one year high of $55.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50-day moving average price of $48.39 and a 200 day moving average price of $48.48.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Friday, August 7th. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The firm had revenue of $443.50 million during the quarter, compared to analyst estimates of $321.70 million. During the same quarter last year, the firm earned $1.06 EPS. Horace Mann Educators’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts forecast that Horace Mann Educators Corporation will post 4.78 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio is 33.64%.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Horace Mann Educators in a research note on Friday, September 11th. Zacks Research downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Horace Mann Educators currently has an average rating of “Buy” and an average target price of $59.00.

Institutional Trading of Horace Mann Educators

Hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP lifted its holdings in Horace Mann Educators by 0.5% during the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock worth $2,360,000 after buying an additional 226 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Horace Mann Educators by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 234 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Horace Mann Educators by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider’s stock valued at $282,000 after acquiring an additional 341 shares during the last quarter. R Squared Ltd raised its position in shares of Horace Mann Educators by 11.8% during the 1st quarter. R Squared Ltd now owns 5,640 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 594 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at approximately $33,000. 99.28% of the stock is owned by institutional investors.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and employees of public schools. The company provides products designed to address the personal insurance, life insurance and retirement needs of educators, school administrators and other education professionals.

Its offerings include automobile and homeowners insurance, life insurance, supplemental insurance products and retirement annuities. Horace Mann also provides retirement planning resources and other financial services intended to help educators prepare for retirement and manage their long-term financial needs.

Founded in 1945, the company is headquartered in Springfield, Illinois, and markets its products primarily through a network of agents serving the education community across the United States.