Marita Zuraitis Sells 4,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the transaction, the chief executive officer now owns 300,542 shares in the company, valued at approximately $12,613,747.74. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, November 1st, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.24, for a total value of $148,960.00.
• On Thursday, October 17th, Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02.

Horace Mann Educators Stock Performance

HMN stock opened at $41.25 on Thursday. The stock has a 50-day moving average price of $38.29 and a 200-day moving average price of $35.45. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.68 billion, a PE ratio of 16.43 and a beta of 0.30.

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

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.30%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Institutional Trading of Horace Mann Educators

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 142.1% during the 3rd 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 boosted its stake in Horace Mann Educators by 1,798.0% during the 2nd 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 last quarter. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter worth approximately $35,000. KBC Group NV boosted its stake in shares of Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter worth approximately $59,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HMN shares. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler raised their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Company Profile

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.