Beverley Mcclure Sells 1,082 Shares of Horace Mann Educators (NYSE:HMN) Stock

Horace Mann Educators Corporation (NYSE:HMN) Director Beverley Mcclure sold 1,082 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $45.40, for a total transaction of $49,122.80. Following the sale, the director directly owned 16,733 shares of the company’s stock, valued at approximately $759,678.20. This represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Horace Mann Educators Price Performance

NYSE HMN opened at $46.03 on Wednesday. Horace Mann Educators Corporation has a 1 year low of $36.20 and a 1 year high of $48.33. The business’s fifty day moving average is $45.23 and its two-hundred day moving average is $43.83. The stock has a market capitalization of $1.87 billion, a P/E ratio of 13.62 and a beta of 0.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09.

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

Horace Mann Educators Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Vanguard Group Inc. boosted its stake in shares of Horace Mann Educators by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider’s stock valued at $226,199,000 after buying an additional 78,079 shares during the period. American Century Companies Inc. raised its holdings in shares of Horace Mann Educators by 13.3% during the third quarter. American Century Companies Inc. now owns 829,376 shares of the insurance provider’s stock worth $37,463,000 after acquiring an additional 97,366 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Horace Mann Educators by 1.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 744,369 shares of the insurance provider’s stock valued at $33,623,000 after purchasing an additional 11,411 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Horace Mann Educators by 51.6% in the third quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after purchasing an additional 225,800 shares in the last quarter. Finally, Invesco Ltd. increased its position in Horace Mann Educators by 32.0% in the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock worth $29,164,000 after purchasing an additional 156,652 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HMN shares. Wall Street Zen downgraded shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. Finally, BMO Capital Markets set a $48.00 target price on Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.