Horace Mann Educators (NYSE:HMN) Stock: Insider Donald Carley Sells 3,551 Shares

Horace Mann Educators Corporation (NYSE:HMN) General Counsel Donald Carley sold 3,551 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $52.00, for a total transaction of $184,652.00. Following the transaction, the general counsel owned 25,394 shares of the company’s stock, valued at approximately $1,320,488. The trade was a 12.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Horace Mann Educators Stock Performance

NYSE HMN opened at $53.23 on Thursday. The company has a market capitalization of $2.16 billion, a PE ratio of 12.41 and a beta of 0.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.08 and a current ratio of 0.09. Horace Mann Educators Corporation has a 52-week low of $41.29 and a 52-week high of $55.56. The company has a 50-day simple moving average of $47.78 and a 200 day simple moving average of $47.21.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.96. Horace Mann Educators had a net margin of 10.16% and a return on equity of 16.07%. The firm had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $320.00 million. During the same period in the previous year, the company earned $1.36 earnings per share. On average, research analysts predict that Horace Mann Educators Corporation will post 5.85 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 16th. Horace Mann Educators’s payout ratio is 33.57%.

Institutional Investors Weigh In On Horace Mann Educators

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Horace Mann Educators during the second quarter worth $304,006,000. Wasatch Advisors LP purchased a new position in shares of Horace Mann Educators in the second quarter valued at $72,363,000. Bank of America Corp DE purchased a new position in shares of Horace Mann Educators in the second quarter valued at $29,287,000. Bank of New York Mellon Corp bought a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $20,061,000. Finally, Empowered Funds LLC bought a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $10,192,000. Institutional investors own 99.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HMN. Weiss Ratings downgraded Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 28th. Raymond James Financial reissued a “strong-buy” rating and issued a $59.00 target price on shares of Horace Mann Educators in a research report on Thursday, August 13th. Wall Street Zen upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Finally, Zacks Research lowered Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $59.00.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators, the company develops products and services with the needs of education professionals in mind. Its offerings include auto, homeowners and life insurance, as well as retirement annuities and other financial products. The company also provides supplemental insurance and services intended to help educators manage student loan debt.