Horace Mann Educators (NYSE:HMN) Stock: Insider Marita Zuraitis Sells 4,767 Shares

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 4,767 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $46.23, for a total transaction of $220,378.41. Following the completion of the sale, the chief executive officer owned 293,884 shares in the company, valued at $13,586,257.32. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Marita Zuraitis sold 2,083 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.26, for a total value of $96,359.58.
• On Thursday, October 8th, Marita Zuraitis sold 550 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.01, for a total value of $25,305.50.
• 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 transaction of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were 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 0.0%

Horace Mann Educators stock traded up $0.00 during midday trading on Monday, reaching $46.33. The company’s stock had a trading volume of 213,632 shares, compared to its average volume of 263,079. Horace Mann Educators Corporation has a 52-week low of $41.29 and a 52-week high of $55.56. The stock has a market capitalization of $1.88 billion, a P/E ratio of 10.82 and a beta of 0.08. 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’s 50-day simple moving average is $48.74 and its 200-day simple moving average is $48.41.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Friday, August 7th. The insurance provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.38. The business had revenue of $443.50 million for the quarter, compared to the consensus estimate of $321.70 million. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 EPS. On average, sell-side analysts expect that Horace Mann Educators Corporation will post 4.78 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s payout ratio is presently 33.64%.

Institutional Trading of Horace Mann Educators

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased 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 acquiring an additional 341 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Horace Mann Educators in the second quarter valued at $47,000. Nykredit A S acquired a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $43,000. Corient Private Wealth LP boosted its holdings in shares of Horace Mann Educators by 0.5% in the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock valued at $2,360,000 after purchasing an additional 226 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Horace Mann Educators during the second quarter worth about $387,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HMN. Zacks Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Raymond James Financial restated a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Weiss Ratings restated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Finally, Wall Street Zen raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $59.00.

Horace Mann Educators Company Profile

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.