Horace Mann Educators Co. (NYSE:HMN) CEO Sells $157,600.00 in Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the completion of the sale, the chief executive officer now directly owns 298,324 shares of the company's stock, valued at $11,753,965.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00.
• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00.
• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02.

Horace Mann Educators Stock Down 2.8 %

NYSE HMN traded down $1.11 during trading hours on Monday, reaching $37.88. 175,541 shares of the company traded hands, compared to its average volume of 160,680. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.54 billion, a PE ratio of 15.09 and a beta of 0.31. The company has a 50 day moving average of $40.32 and a two-hundred day moving average of $36.52.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS 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 firm had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. During the same period in the prior year, the firm posted $0.44 EPS. The firm's revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts expect that Horace Mann Educators Co. will post 2.58 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given 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 dividend yield of 3.59%. Horace Mann Educators's payout ratio is currently 54.18%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HMN. Franklin Resources Inc. lifted its position in shares of Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after buying an additional 359,083 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider's stock worth $10,176,000 after buying an additional 164,036 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider's stock worth $35,351,000 after buying an additional 86,766 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider's stock worth $2,571,000 after buying an additional 64,087 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after buying an additional 53,961 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HMN. Piper Sandler upped their target price on shares of 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 downgraded shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Horace Mann Educators currently has an average rating of "Hold" and a consensus price target of $42.67.

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.