Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 2,817 Shares

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Horace Mann Educators Trading Down 0.8 %

Shares of HMN stock traded down $0.32 during mid-day trading on Wednesday, hitting $37.75. 111,134 shares of the company's stock were exchanged, compared to its average volume of 161,467. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 15.04 and a beta of 0.31. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The stock has a 50-day simple moving average of $40.34 and a two-hundred day simple moving average of $36.56.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $293.87 million. During the same quarter in the previous year, the business earned $0.44 EPS. The firm's revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Horace Mann Educators Co. will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.34 per share. 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 3.60%. Horace Mann Educators's payout ratio is 54.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a 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 research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $42.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in shares of Horace Mann Educators by 2.2% in the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider's stock valued at $729,000 after acquiring an additional 473 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Horace Mann Educators by 67.5% during the second quarter. Victory Capital Management Inc. now owns 25,571 shares of the insurance provider's stock worth $834,000 after purchasing an additional 10,302 shares in the last quarter. Quest Partners LLC boosted its position in shares of Horace Mann Educators by 37.4% in the second quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider's stock worth $193,000 after buying an additional 1,611 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Horace Mann Educators by 32.8% in the second quarter. Texas Permanent School Fund Corp now owns 47,462 shares of the insurance provider's stock valued at $1,548,000 after buying an additional 11,722 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Horace Mann Educators by 5.1% during the 2nd quarter. American Century Companies Inc. now owns 93,816 shares of the insurance provider's stock valued at $3,060,000 after buying an additional 4,543 shares during the period. Institutional investors and hedge funds own 99.28% of the company's stock.

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.