Marita Zuraitis Sells 1,250 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at approximately $11,265,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 8th, Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.00, for a total value of $99,900.00.
• On Monday, January 29th, Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $36.34 on Friday. The firm has a market capitalization of $1.49 billion, a PE ratio of 33.65 and a beta of 0.28. The business’s fifty day moving average price is $35.88 and its 200 day moving average price is $33.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Co. has a 12 month low of $27.81 and a 12 month high of $38.29.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.19. The company had revenue of $402.90 million for the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.34 per share. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.74%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 125.93%.

Hedge Funds Weigh In On Horace Mann Educators

Several hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Group LLC purchased a new position in shares of Horace Mann Educators during the first quarter worth about $266,000. Goldman Sachs Group Inc. boosted its stake in shares of Horace Mann Educators by 9.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 342,884 shares of the insurance provider’s stock worth $11,212,000 after buying an additional 29,005 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Horace Mann Educators by 12.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,976 shares of the insurance provider’s stock worth $948,000 after buying an additional 3,141 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Horace Mann Educators by 37.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 11,826 shares of the insurance provider’s stock worth $387,000 after buying an additional 3,222 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Horace Mann Educators by 0.5% during the fourth quarter. Legal & General Group Plc now owns 113,335 shares of the insurance provider’s stock worth $3,706,000 after buying an additional 557 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HMN. Piper Sandler cut their price objective on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and increased their target price for the company from $33.00 to $40.00 in a report on Monday, January 29th. Finally, TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

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.