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

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction 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 sale, the director now directly owns 16,352 shares of the company’s stock, valued at $627,262.72. This represents a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Horace Mann Educators Trading Down 0.8 %

HMN stock opened at $37.75 on Friday. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50-day simple moving average is $40.35 and its 200 day simple moving average is $36.57. The company has a market capitalization of $1.54 billion, a PE ratio of 15.04 and a beta of 0.31.

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

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.60%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares in the last quarter. Quarry LP increased its position in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the last quarter. KBC Group NV raised its stake in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Horace Mann Educators by 22.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after buying an additional 829 shares during the last quarter. Finally, Quest Partners LLC grew its position in Horace Mann Educators by 37.4% during the second quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock valued at $193,000 after buying an additional 1,611 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler increased their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.67.

About Horace Mann Educators

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.