Marita Zuraitis Sells 5,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00. Following the completion of the transaction, the chief executive officer now directly owns 320,451 shares in the company, valued at approximately $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, February 3rd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00.

Horace Mann Educators Trading Down 3.7 %

HMN opened at $41.48 on Friday. The business’s 50 day moving average price is $41.13 and its 200 day moving average price is $39.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The stock has a market capitalization of $1.70 billion, a PE ratio of 16.73 and a beta of 0.21. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.69.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. As a group, equities research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.35 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Monday, March 17th. Horace Mann Educators’s dividend payout ratio is currently 56.45%.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position 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 worth $104,194,000 after buying an additional 359,083 shares during the period. Principal Financial Group Inc. boosted its holdings in Horace Mann Educators by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock valued at $9,208,000 after acquiring an additional 11,205 shares during the period. Barclays PLC grew its position in Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after acquiring an additional 53,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Horace Mann Educators by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after purchasing an additional 6,254 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock worth $33,351,000 after purchasing an additional 22,358 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HMN. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. Finally, Piper Sandler lifted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.67.

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.