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

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, January 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00.
• On Monday, December 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00.

Horace Mann Educators Price Performance

Shares of HMN stock traded up $0.32 on Friday, reaching $41.14. 411,491 shares of the company were exchanged, compared to its average volume of 161,875. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 16.59 and a beta of 0.31. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The business has a 50-day moving average price of $39.31 and a 200 day moving average price of $37.35. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) 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%. Equities research analysts forecast that Horace Mann Educators Co. will post 3.82 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators's dividend payout ratio (DPR) is 54.84%.

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC lifted its position in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock worth $32,000 after buying an additional 540 shares in the last quarter. KBC Group NV boosted its stake in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after buying an additional 628 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Horace Mann Educators in the 4th quarter valued at $92,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Horace Mann Educators in the 3rd quarter worth $209,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HMN shares. Piper Sandler raised their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a report on Friday. Finally, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $43.33.

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.