Horace Mann Educators (NYSE:HMN) Stock Price Passes Above Two Hundred Day Moving Average of $34.24

Horace Mann Educators Co. (NYSE:HMN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.24 and traded as high as $36.79. Horace Mann Educators shares last traded at $36.75, with a volume of 147,938 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HMN shares. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their target price for the company from $33.00 to $40.00 in a report on Monday, January 29th. Piper Sandler reduced their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

Horace Mann Educators Stock Performance

The stock’s 50 day moving average price is $35.83 and its 200 day moving average price is $34.27. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 34.02 and a beta of 0.28.

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

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Insider Activity

In other news, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the senior vice president now owns 21,674 shares of the company’s stock, valued at approximately $780,264. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares of the company’s stock, valued at approximately $780,264. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the sale, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The disclosure for this sale can be found here. Insiders sold a total of 74,327 shares of company stock valued at $2,728,271 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Horace Mann Educators in the third quarter valued at approximately $246,000. Ceredex Value Advisors LLC grew its position in Horace Mann Educators by 16.5% in the third quarter. Ceredex Value Advisors LLC now owns 477,600 shares of the insurance provider’s stock valued at $14,032,000 after acquiring an additional 67,750 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Horace Mann Educators by 27.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,376 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 2,203 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Horace Mann Educators by 14.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 167,488 shares of the insurance provider’s stock valued at $4,921,000 after acquiring an additional 21,263 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Horace Mann Educators in the third quarter valued at approximately $271,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

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.