Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 2,817 Shares

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares in the company, valued at $627,262.72. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Horace Mann Educators Stock Down 1.9 %

HMN traded down $0.72 during midday trading on Wednesday, hitting $37.35. The company had a trading volume of 6,098 shares, compared to its average volume of 139,711. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.88 and a beta of 0.31. The stock’s 50 day moving average price is $40.34 and its 200 day moving average price is $36.55. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is currently 54.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.67.

Institutional Trading of Horace Mann Educators

Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in shares of Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after buying an additional 359,083 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Horace Mann Educators by 10.6% during the 3rd 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 stake in Horace Mann Educators during the 2nd quarter worth approximately $636,000. Barclays PLC raised its stake in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after purchasing an additional 53,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock valued at $19,513,000 after purchasing an additional 6,254 shares in the last quarter. Institutional investors 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.