Horace Mann Educators Co. (NYSE:HMN) CEO Sells $215,450.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares of the company’s stock, valued at $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 3rd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $41.48 on Friday. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.69. The stock 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 50-day simple moving average of $41.13 and a 200-day simple moving average of $39.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

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

Institutional Trading of Horace Mann Educators

Several hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Horace Mann Educators by 12.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,246 shares of the insurance provider’s stock worth $5,149,000 after acquiring an additional 14,844 shares during the period. State of Wyoming boosted its holdings in Horace Mann Educators by 20.3% in the 4th quarter. State of Wyoming now owns 7,158 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 1,209 shares in the last quarter. Nuveen Asset Management LLC increased its position in Horace Mann Educators by 1.2% during the 4th quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider’s stock worth $3,408,000 after purchasing an additional 1,022 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Horace Mann Educators by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider’s stock valued at $917,000 after buying an additional 810 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Horace Mann Educators by 293.0% in the fourth quarter. Deutsche Bank AG now owns 92,035 shares of the insurance provider’s stock valued at $3,611,000 after buying an additional 68,617 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HMN. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.67.

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.