Insider Selling: Horace Mann Educators Co. (NYSE:HMN) Director Sells 5,634 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the transaction, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Horace Mann Educators Price Performance

HMN stock opened at $40.82 on Thursday. The company has a market capitalization of $1.66 billion, a P/E ratio of 16.26 and a beta of 0.27. The company has a fifty day moving average price of $36.39 and a 200-day moving average price of $35.00. 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.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts expect that Horace Mann Educators Co. will post 2.61 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.33%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in shares of Horace Mann Educators by 129.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after buying an additional 164,036 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after purchasing an additional 86,766 shares in the last quarter. Arjuna Capital bought a new stake in Horace Mann Educators in the 1st quarter worth approximately $2,858,000. Bank of Montreal Can raised its position in Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after purchasing an additional 64,087 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Horace Mann Educators in the second quarter worth about $2,037,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James assumed coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $39.00 to $44.00 in a research note on Tuesday. Finally, Piper Sandler increased their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Hold” and an average price target of $42.67.

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.