Horace Mann Educators (NYSE:HMN) CEO Marita Zuraitis Sells 550 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 550 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $46.01, for a total value of $25,305.50. Following the completion of the sale, the chief executive officer directly owned 300,734 shares in the company, valued at approximately $13,836,771.34. The trade was a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was 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 shares were sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Trading Up 0.4%

HMN stock opened at $45.81 on Wednesday. The firm has a fifty day moving average price of $49.15 and a 200 day moving average price of $48.34. Horace Mann Educators Corporation has a fifty-two week low of $41.29 and a fifty-two week 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 firm has a market cap of $1.86 billion, a PE ratio of 10.70 and a beta of 0.08.

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

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a $0.36 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $1.44 annualized dividend and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 33.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Raymond James Financial restated a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a research report on Thursday, August 13th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Zacks Research raised Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Wall Street Zen raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $59.00.

Institutional Investors Weigh In On Horace Mann Educators

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in Horace Mann Educators in the 2nd quarter valued at $29,287,000. Hsbc Holdings PLC purchased a new stake in shares of Horace Mann Educators during the fourth quarter valued at $914,000. Emerald Investment Advisers LLC bought a new position in shares of Horace Mann Educators in the second quarter worth about $3,471,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Horace Mann Educators in the second quarter worth about $1,705,000. Finally, BlackRock Inc. bought a new position in shares of Horace Mann Educators in 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 (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

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