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

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were 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 stock was sold at an average price of $41.97, for a total value of $167,880.00.

Horace Mann Educators Stock Up 0.8 %

Shares of NYSE:HMN opened at $41.14 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.39 and a beta of 0.31. 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 Co. has a 52-week low of $31.81 and a 52-week high of $43.26. The firm has a fifty day moving average of $39.31 and a 200 day moving average of $37.33.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. As a group, research analysts anticipate that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

Hedge Funds Weigh In On Horace Mann Educators

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after buying an additional 359,083 shares during the last quarter. Principal Financial Group Inc. grew its position in Horace Mann Educators by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after acquiring an additional 21,430 shares during the last quarter. Barclays PLC increased its stake in Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after purchasing an additional 53,961 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Horace Mann Educators by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock valued at $19,513,000 after purchasing an additional 6,254 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after purchasing an additional 22,358 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HMN. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday. Finally, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.33.

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.