Horace Mann Educators Co. (NYSE:HMN) EVP Sells $204,204.00 in Stock

Horace Mann Educators Co. (NYSE:HMN) EVP Bret A. Conklin sold 4,760 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $42.90, for a total transaction of $204,204.00. Following the completion of the sale, the executive vice president now owns 58,587 shares of the company’s stock, valued at $2,513,382.30. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Horace Mann Educators Stock Performance

HMN opened at $42.72 on Thursday. The firm’s 50-day moving average price is $41.82 and its 200-day moving average price is $40.90. The company has a market cap of $1.74 billion, a P/E ratio of 17.22 and a beta of 0.28. Horace Mann Educators Co. has a 52-week low of $31.81 and a 52-week high of $44.44. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.19. The firm had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, equities analysts anticipate that Horace Mann Educators Co. will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, June 16th. Horace Mann Educators’s dividend payout ratio (DPR) is 50.72%.

Horace Mann Educators declared that its board has authorized a share repurchase plan on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Horace Mann Educators by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider’s stock worth $9,208,000 after buying an additional 11,205 shares during the period. Barclays PLC lifted its stake in shares of Horace Mann Educators by 336.2% in the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after buying an additional 53,961 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Horace Mann Educators by 41.4% during the 4th quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider’s stock worth $869,000 after purchasing an additional 6,483 shares during the last quarter. Norges Bank acquired a new position in Horace Mann Educators during the fourth quarter worth $4,209,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Horace Mann Educators by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock valued at $22,239,000 after purchasing an additional 8,570 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HMN. Wall Street Zen raised shares of Horace Mann Educators from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Raymond James reaffirmed a “strong-buy” rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

About Horace Mann Educators

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.