Horace Mann Educators (NYSE:HMN) CEO Marita Zuraitis Sells 550 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 550 shares of Horace Mann Educators stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $46.01, for a total value of $25,305.50. Following the completion of the transaction, the chief executive officer owned 300,734 shares of the company’s stock, valued at approximately $13,836,771.34. This represents a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was 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 Price Performance

HMN traded up $0.14 during trading on Tuesday, hitting $45.75. The company’s stock had a trading volume of 31,975 shares, compared to its average volume of 261,379. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a twelve month low of $41.29 and a twelve month high of $55.56. The business’s fifty day simple moving average is $49.27 and its 200 day simple moving average is $48.31. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 10.69 and a beta of 0.08.

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

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 33.64%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Horace Mann Educators in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of $59.00.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds have recently made changes to their positions in HMN. Bank of America Corp DE purchased a new position in shares of Horace Mann Educators in the second quarter valued at approximately $29,287,000. Hsbc Holdings PLC purchased a new position in Horace Mann Educators in the 4th quarter valued at $914,000. Emerald Investment Advisers LLC purchased a new position in Horace Mann Educators in the 2nd quarter valued at $3,471,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in Horace Mann Educators during the 2nd quarter worth $1,705,000. Finally, BlackRock Inc. acquired a new stake in shares of Horace Mann Educators in the second quarter valued at about $304,006,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

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.