Insider Selling: Horace Mann Educators Co. (NYSE:HMN) Director Sells 2,816 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) Director Beverley J. Mcclure sold 2,816 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the completion of the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Horace Mann Educators Trading Down 1.8 %

Horace Mann Educators stock traded down $0.75 during mid-day trading on Tuesday, hitting $39.67. The stock had a trading volume of 409,925 shares, compared to its average volume of 239,853. The stock has a 50-day simple moving average of $41.20 and a two-hundred day simple moving average of $39.53. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.62 billion, a PE ratio of 16.00 and a beta of 0.21. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 3.87 EPS for the current year.

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Horace Mann Educators Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Piper Sandler increased their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $43.67.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Horace Mann Educators by 183.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider's stock valued at $84,827,000 after buying an additional 1,400,210 shares in the last quarter. Franklin Resources Inc. grew its holdings in Horace Mann Educators by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider's stock worth $135,890,000 after purchasing an additional 521,437 shares during the period. American Century Companies Inc. raised its stake in Horace Mann Educators by 203.5% in the 4th quarter. American Century Companies Inc. now owns 329,964 shares of the insurance provider's stock valued at $12,944,000 after acquiring an additional 221,233 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Horace Mann Educators by 7,143.4% during the 1st 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. Finally, Norges Bank bought a new position in shares of Horace Mann Educators during the fourth quarter worth approximately $4,209,000. 99.28% of the stock is owned by institutional investors and hedge funds.

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.