Insider Selling: Horace Mann Educators (NYSE:HMN) CEO Sells $25,305.50 in Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $46.01, for a total value of $25,305.50. Following the transaction, the chief executive officer owned 300,734 shares of the company’s stock, valued at $13,836,771.34. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.00, for a total value of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $50.99, for a total value of $382,425.00.
• On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Stock Up 0.4%

Shares of HMN opened at $45.94 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.73 and a beta of 0.08. Horace Mann Educators Corporation has a 1 year low of $41.29 and a 1 year high of $55.56. The business’s 50 day simple moving average is $48.85 and its 200-day simple moving average is $48.38.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Friday, August 7th. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.38. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The firm had revenue of $443.50 million during the quarter, compared to analyst estimates of $321.70 million. During the same period last year, the firm posted $1.06 earnings per share. Horace Mann Educators’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Horace Mann Educators Corporation will post 4.78 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.44 annualized dividend and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio (DPR) is 33.64%.

Hedge Funds Weigh In On Horace Mann Educators

Several large investors have recently modified their holdings of HMN. GAMMA Investing LLC raised its holdings in Horace Mann Educators by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider’s stock valued at $282,000 after buying an additional 341 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Horace Mann Educators in the second quarter worth $47,000. Nykredit A S purchased a new position in Horace Mann Educators during the second quarter worth $43,000. Corient Private Wealth LP boosted its stake in Horace Mann Educators by 0.5% during the second quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock worth $2,360,000 after buying an additional 226 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Horace Mann Educators during the second quarter worth $387,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Zacks Research cut shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Monday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 price target on shares of Horace Mann Educators in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $59.00.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.