Horace Mann Educators Co. (NYSE:HMN) Director Sells $108,060.12 in Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Horace Mann Educators Price Performance

Shares of NYSE HMN opened at $37.75 on Thursday. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month 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 50-day moving average of $40.34 and a two-hundred day moving average of $36.56. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.04 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, analysts expect that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

Analyst Ratings Changes

A number of research analysts have issued reports on HMN shares. Keefe, Bruyette & Woods lowered 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, November 12th. Piper Sandler boosted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.67.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after acquiring an additional 359,083 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Horace Mann Educators by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after acquiring an additional 43,064 shares during the last quarter. State Street Corp lifted its position in Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after purchasing an additional 20,771 shares during the period. Earnest Partners LLC boosted its stake in Horace Mann Educators by 1.9% in the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock valued at $46,519,000 after acquiring an additional 26,736 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after purchasing an additional 86,766 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

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.