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

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the transaction, the chief executive officer now directly owns 320,451 shares in the company, valued at approximately $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The sale 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, 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 traded down $0.75 during mid-day trading on Tuesday, reaching $39.67. The company had a trading volume of 409,925 shares, compared to its average volume of 239,853. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 16.00 and a beta of 0.21. 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 Co. has a one year low of $31.81 and a one year high of $43.69. The business's 50-day simple moving average is $41.20 and its 200 day simple moving average is $39.53.

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Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, research analysts predict that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Monday, March 17th. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. Horace Mann Educators's payout ratio is presently 56.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 7,143.4% during the first quarter. GAMMA Investing LLC now owns 115,243 shares of the insurance provider's stock worth $49,240,000 after buying an additional 113,652 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Horace Mann Educators by 12.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,246 shares of the insurance provider's stock valued at $5,149,000 after purchasing an additional 14,844 shares during the period. State of Wyoming raised its holdings in shares of Horace Mann Educators by 20.3% in the 4th quarter. State of Wyoming now owns 7,158 shares of the insurance provider's stock worth $281,000 after purchasing an additional 1,209 shares during the period. Nuveen Asset Management LLC raised its stake in Horace Mann Educators by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 86,883 shares of the insurance provider's stock valued at $3,408,000 after acquiring an additional 1,022 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Horace Mann Educators by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,385 shares of the insurance provider's stock worth $917,000 after acquiring an additional 810 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 11th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.