Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells 4,000 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Up 5.1 %

NYSE:HMN traded up $1.90 during midday trading on Tuesday, reaching $39.28. 342,453 shares of the stock traded hands, compared to its average volume of 238,469. Horace Mann Educators Co. has a 12-month low of $31.53 and a 12-month high of $39.48. The business has a 50-day moving average of $35.56 and a two-hundred day moving average of $34.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $1.60 billion, a PE ratio of 19.57 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, meeting analysts' consensus estimates of $0.76. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. 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 prior year, the company posted $0.44 earnings per share. Horace Mann Educators's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Horace Mann Educators Co. will post 2.63 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.46%. Horace Mann Educators's payout ratio is 69.39%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HMN. Keefe, Bruyette & Woods dropped their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a "strong-buy" rating and a $42.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its holdings in shares of Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after buying an additional 483 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock worth $32,000 after acquiring an additional 540 shares during the period. Quarry LP increased its stake in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock worth $31,000 after acquiring an additional 899 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Horace Mann Educators in the second quarter worth $35,000. Finally, nVerses Capital LLC acquired a new stake in shares of Horace Mann Educators in the second quarter worth $59,000. Hedge funds and other institutional investors 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.