Insider Selling: Horace Mann Educators Co. (NYSE:HMN) EVP Sells 4,728 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) EVP Bret A. Conklin sold 4,728 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $43.18, for a total transaction of $204,155.04. Following the sale, the executive vice president now owns 56,363 shares in the company, valued at $2,433,754.34. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Horace Mann Educators Stock Performance

HMN traded up $0.31 during trading hours on Monday, hitting $43.74. The stock had a trading volume of 199,078 shares, compared to its average volume of 251,109. Horace Mann Educators Co. has a 1 year low of $31.81 and a 1 year high of $44.44. The company's fifty day simple moving average is $41.76 and its 200 day simple moving average is $40.77. The stock has a market cap of $1.78 billion, a PE ratio of 17.64 and a beta of 0.28. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.88 by $0.19. The business had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Equities analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

Horace Mann Educators declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 13th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Institutional Trading of Horace Mann Educators

Several large investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. bought a new position in shares of Horace Mann Educators in the 1st quarter worth about $3,069,000. Intech Investment Management LLC grew its stake in shares of Horace Mann Educators by 8.4% in the 1st quarter. Intech Investment Management LLC now owns 32,340 shares of the insurance provider's stock worth $1,382,000 after buying an additional 2,507 shares during the last quarter. Jane Street Group LLC increased its position in Horace Mann Educators by 313.8% during the 1st quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider's stock valued at $3,916,000 after buying an additional 69,492 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Horace Mann Educators by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,788 shares of the insurance provider's stock valued at $5,930,000 after buying an additional 7,542 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Horace Mann Educators by 2.1% during the first quarter. Empowered Funds LLC now owns 174,926 shares of the insurance provider's stock valued at $7,475,000 after buying an additional 3,548 shares during the last quarter. Institutional investors own 99.28% of the company's stock.

Wall Street Analysts Forecast Growth

HMN has been the subject of a number of recent research reports. Wall Street Zen raised Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Raymond James reiterated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler lifted their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.

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.