Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells $149,480.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the business’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 transaction, the chief executive officer now directly owns 294,324 shares in the company, valued at $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was 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 opened at $41.14 on Friday. The stock’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $37.33. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 16.39 and a beta of 0.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. On average, analysts expect that Horace Mann Educators Co. will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.84%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler lifted their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Horace Mann Educators has a consensus rating of “Hold” and an average target price of $43.33.

Institutional Trading of Horace Mann Educators

A number of institutional investors and hedge funds have recently made changes to their positions in HMN. 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 buying an additional 620 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 540 shares during the period. KBC Group NV boosted its position in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators in the 4th quarter valued at $92,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Horace Mann Educators during the 3rd quarter valued at $209,000. 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.