Horace Mann Educators (NYSE:HMN) SVP Mark Desrochers Sells 3,000 Shares

Horace Mann Educators Corporation (NYSE:HMN) SVP Mark Desrochers sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $47.00, for a total value of $141,000.00. Following the sale, the senior vice president owned 20,556 shares in the company, valued at $966,132. This trade represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Horace Mann Educators Price Performance

HMN stock traded up $0.62 during mid-day trading on Tuesday, reaching $45.85. 138,210 shares of the company’s stock were exchanged, compared to its average volume of 241,196. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Corporation has a 12-month low of $36.20 and a 12-month high of $48.33. The stock’s 50 day moving average is $45.12 and its 200 day moving average is $43.94. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 13.56 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. The firm had revenue of $330.60 million for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%. On average, research analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s payout ratio is presently 35.44%.

Wall Street Analyst Weigh In

HMN has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. Finally, BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Captrust Financial Advisors boosted its holdings in Horace Mann Educators by 3.6% during the 2nd quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider’s stock valued at $279,000 after acquiring an additional 229 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Horace Mann Educators by 49.7% in the third quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Blue Trust Inc. boosted its stake in shares of Horace Mann Educators by 33.0% in the third quarter. Blue Trust Inc. now owns 1,201 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 298 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Horace Mann Educators by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 325 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in Horace Mann Educators by 0.7% during the 1st quarter. Martingale Asset Management L P now owns 48,332 shares of the insurance provider’s stock worth $2,065,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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.