Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis Sells 5,000 Shares

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the transaction, the chief executive officer now directly owns 320,451 shares in the company, valued at $13,808,233.59. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, February 3rd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.37, for a total value of $149,480.00.

Horace Mann Educators Trading Down 3.7 %

Horace Mann Educators stock opened at $41.48 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.70 billion, a PE ratio of 16.73 and a beta of 0.21. The stock’s 50 day simple moving average is $41.13 and its two-hundred day simple moving average is $39.42. Horace Mann Educators Co. has a 12 month low of $31.81 and a 12 month high of $43.69.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s payout ratio is currently 56.45%.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds have recently bought and sold shares of HMN. Smartleaf Asset Management LLC raised its stake in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after buying an additional 620 shares during the period. Sterling Capital Management LLC increased its holdings in Horace Mann Educators by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 1,153 shares in the last quarter. GAMMA Investing LLC raised its position in Horace Mann Educators by 72.9% during the fourth quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC purchased a new position in Horace Mann Educators during the fourth quarter valued at $92,000. Finally, KBC Group NV grew its position in shares of Horace Mann Educators by 42.3% in the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider’s stock valued at $93,000 after purchasing an additional 707 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Analysts Set New Price Targets

HMN has been the subject of several research reports. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Piper Sandler boosted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Horace Mann Educators has an average rating of “Hold” and a consensus price target of $43.67.

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.