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

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the completion of the transaction, the chief executive officer now directly owns 300,542 shares in the company, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.24, for a total value of $148,960.00.
• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $41.25 on Thursday. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.43 and a beta of 0.30. The business’s 50 day moving average is $38.29 and its 200-day moving average is $35.45. 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 announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the firm earned $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts predict that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.30%. Horace Mann Educators’s payout ratio is presently 54.18%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HMN. Piper Sandler upped their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the company 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.67.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its holdings in Horace Mann Educators by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock worth $728,000 after acquiring an additional 16,278 shares in the last quarter. Principal Financial Group Inc. raised its stake in Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock valued at $7,812,000 after buying an additional 21,430 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Horace Mann Educators in the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. bought a new stake in Horace Mann Educators in the second quarter valued at approximately $508,000. Finally, Hantz Financial Services Inc. bought a new stake in Horace Mann Educators in the second quarter valued at approximately $2,037,000. Institutional investors own 99.28% of the company’s stock.

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.