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

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $41.97, for a total value of $167,880.00. Following the completion of the sale, the chief executive officer now owns 300,542 shares in the company, valued at $12,613,747.74. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.24, for a total value of $148,960.00.
• 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 value of $1,560,856.02.

Horace Mann Educators Stock Up 0.5 %

Shares of Horace Mann Educators stock traded up $0.20 on Wednesday, hitting $41.25. The company had a trading volume of 128,245 shares, compared to its average volume of 240,910. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.35 and a beta of 0.30. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $43.26. The stock has a 50 day moving average of $38.29 and a 200-day moving average of $35.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, sell-side analysts forecast that Horace Mann Educators Co. will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.30%. Horace Mann Educators's dividend payout ratio is presently 54.18%.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of Horace Mann Educators by 270.1% in the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider's stock valued at $728,000 after acquiring an additional 16,278 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Horace Mann Educators by 10.6% in the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider's stock valued at $7,812,000 after acquiring an additional 21,430 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Horace Mann Educators in the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. bought a new position in Horace Mann Educators during the second quarter valued at $508,000. Finally, Hantz Financial Services Inc. bought a new position in Horace Mann Educators during the second quarter valued at $2,037,000. 99.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on HMN shares. Piper Sandler upped their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Raymond James initiated coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of "Hold" and a consensus target price of $42.67.

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.