Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 5,634 Shares

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now directly owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Horace Mann Educators Stock Down 2.9 %

Shares of NYSE HMN traded down $1.24 during trading hours on Wednesday, hitting $40.82. The company had a trading volume of 233,254 shares, compared to its average volume of 243,401. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.47 and a beta of 0.27. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The firm’s 50 day moving average is $36.29 and its 200-day moving average is $34.96. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, analysts expect that Horace Mann Educators Co. will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HMN shares. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $44.00 in a research report on Tuesday. Finally, Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.67.

Institutional Trading of Horace Mann Educators

A number of hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in Horace Mann Educators by 228.9% in the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares during the period. GAMMA Investing LLC increased its holdings in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Quarry LP raised its position in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter worth about $35,000. Finally, KBC Group NV grew its stake in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after buying an additional 628 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

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.