Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells 4,000 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now owns 294,324 shares of the company’s stock, valued at $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $39.40, for a total value of $157,600.00.
• On Monday, December 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $41.97, for a total value of $167,880.00.

Horace Mann Educators Stock Up 5.2 %

Shares of NYSE HMN opened at $40.84 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.27 and a beta of 0.31. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $43.26. The firm’s 50-day moving average price is $39.32 and its 200-day moving average price is $37.28. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. On average, equities research analysts anticipate that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.33%. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Horace Mann Educators

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares during the last quarter. KBC Group NV raised its holdings in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Horace Mann Educators in the fourth quarter worth $92,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Horace Mann Educators in the fourth quarter worth $216,000. 99.28% of the stock is currently owned by institutional investors.

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.