Insider Selling: Horace Mann Educators (NYSE:HMN) Director Sells 1,316 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) Director Henry Wade Reece sold 1,316 shares of Horace Mann Educators stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $45.27, for a total transaction of $59,575.32. Following the sale, the director owned 39,001 shares in the company, valued at approximately $1,765,575.27. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Horace Mann Educators Trading Up 0.3%

NYSE HMN traded up $0.16 on Wednesday, hitting $46.01. The company’s stock had a trading volume of 74,806 shares, compared to its average volume of 241,669. The company’s 50-day moving average is $45.12 and its 200 day moving average is $43.97. The firm has a market cap of $1.87 billion, a PE ratio of 13.63 and a beta of 0.21. Horace Mann Educators Corporation has a 1-year low of $36.20 and a 1-year high of $48.33. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. The company had revenue of $330.60 million for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. As a group, analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators’s payout ratio is 35.44%.

Institutional Investors Weigh In On Horace Mann Educators

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hennessy Advisors Inc. bought a new position in Horace Mann Educators in the second quarter worth approximately $10,377,000. Ameriprise Financial Inc. increased its holdings in shares of Horace Mann Educators by 51.6% during the third quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after acquiring an additional 225,800 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Horace Mann Educators by 43.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider’s stock worth $31,495,000 after purchasing an additional 220,275 shares during the period. American Century Companies Inc. lifted its holdings in shares of Horace Mann Educators by 66.7% in the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock worth $23,507,000 after purchasing an additional 220,174 shares in the last quarter. Finally, Millennium Management LLC grew its position in Horace Mann Educators by 310.0% in the 3rd quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider’s stock valued at $12,427,000 after purchasing an additional 208,014 shares during the period. 99.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.