Beverley J. Mcclure Sells 2,816 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now directly owns 13,643 shares in the company, valued at $584,738.98. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $41.48 on Friday. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.69. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.21. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $41.13 and a 200 day moving average of $39.38.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, research analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.38%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 17th. Horace Mann Educators’s dividend payout ratio is currently 56.45%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.67.

Hedge Funds Weigh In On Horace Mann Educators

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of 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 period. Principal Financial Group Inc. raised its holdings in Horace Mann Educators by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock valued at $9,208,000 after acquiring an additional 11,205 shares during the period. Barclays PLC lifted its position 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 valued at $2,446,000 after acquiring an additional 53,961 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 worth $19,513,000 after acquiring an additional 6,254 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after purchasing an additional 22,358 shares in the last quarter. Hedge funds and other 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.