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 the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares in the company, valued at approximately $10,886,592.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02.

Horace Mann Educators Trading Down 2.3 %

Shares of HMN stock opened at $41.68 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.70 billion, a P/E ratio of 16.61 and a beta of 0.27. The company has a 50 day moving average of $35.94 and a 200-day moving average of $34.89. Horace Mann Educators Co. has a 12-month low of $31.53 and a 12-month high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 8.29% and a net margin of 6.55%. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. Sell-side analysts anticipate that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Analyst Ratings Changes

A number of brokerages recently commented on HMN. Piper Sandler increased their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday. Raymond James assumed coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Institutional Investors Weigh In On Horace Mann Educators

Several institutional investors have recently added to or reduced their stakes in HMN. Empowered Funds LLC increased its stake in shares of Horace Mann Educators by 5.4% in the third quarter. Empowered Funds LLC now owns 163,047 shares of the insurance provider’s stock worth $5,698,000 after purchasing an additional 8,308 shares in the last quarter. KBC Group NV boosted its holdings in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Horace Mann Educators by 5.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock valued at $2,014,000 after buying an additional 2,895 shares in the last quarter. Summit Global Investments purchased a new position in Horace Mann Educators in the 3rd quarter valued at approximately $674,000. Finally, Principal Financial Group Inc. raised its holdings 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 valued at $7,812,000 after acquiring an additional 21,430 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

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.