Horace Mann Educators (NYSE:HMN) CEO Sells $96,359.58 in Stock

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 2,083 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $46.26, for a total value of $96,359.58. Following the completion of the sale, the chief executive officer directly owned 298,651 shares in the company, valued at approximately $13,815,595.26. The trade was a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 16th, Marita Zuraitis sold 4,767 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.23, for a total value of $220,378.41.
• 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 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 transaction of $382,425.00.
• On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $52.03, for a total transaction of $390,225.00.

Horace Mann Educators Trading Down 0.2%

Shares of Horace Mann Educators stock opened at $46.36 on Thursday. Horace Mann Educators Corporation has a 1 year low of $41.29 and a 1 year high of $55.56. The firm has a market cap of $1.88 billion, a PE ratio of 10.83 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 company has a 50 day simple moving average of $48.39 and a two-hundred day simple moving average of $48.48.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Friday, August 7th. The insurance provider reported $1.17 EPS for the quarter, topping 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 net margin of 10.15% and a return on equity of 14.08%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. Analysts expect that Horace Mann Educators Corporation will post 4.78 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 annualized dividend and a yield of 3.1%. Horace Mann Educators’s payout ratio is 33.64%.

Analysts Set New Price Targets

HMN has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Zacks Research cut Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Wall Street Zen upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Finally, Raymond James Financial restated 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. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $59.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Horace Mann Educators in the 2nd quarter valued at about $29,287,000. Hsbc Holdings PLC purchased a new stake in Horace Mann Educators during the 4th quarter valued at about $914,000. Emerald Investment Advisers LLC bought a new position in Horace Mann Educators during the 2nd quarter worth approximately $3,471,000. B. Metzler seel. Sohn & Co. AG bought a new position in Horace Mann Educators during the 2nd quarter worth approximately $1,705,000. Finally, BlackRock Inc. purchased a new position in Horace Mann Educators in the 2nd quarter worth approximately $304,006,000. 99.28% of the stock is owned by institutional investors.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and employees of public schools. The company provides products designed to address the personal insurance, life insurance and retirement needs of educators, school administrators and other education professionals.

Its offerings include automobile and homeowners insurance, life insurance, supplemental insurance products and retirement annuities. Horace Mann also provides retirement planning resources and other financial services intended to help educators prepare for retirement and manage their long-term financial needs.

Founded in 1945, the company is headquartered in Springfield, Illinois, and markets its products primarily through a network of agents serving the education community across the United States.