Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis Sells 5,000 Shares

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $43.24, for a total value of $216,200.00. Following the transaction, the chief executive officer now directly owns 310,451 shares in the company, valued at approximately $13,423,901.24. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $41.40, for a total value of $207,000.00.
• On Tuesday, April 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $43.09, for a total value of $215,450.00.

Horace Mann Educators Stock Up 0.2%

HMN stock traded up $0.08 during mid-day trading on Thursday, reaching $43.08. The company had a trading volume of 325,376 shares, compared to its average volume of 251,917. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.37 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The firm has a fifty day simple moving average of $41.80 and a 200 day simple moving average of $40.82.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. The business had revenue of $416.40 million for the quarter, compared to the consensus estimate of $421.40 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.25%. Horace Mann Educators's dividend payout ratio is presently 50.72%.

Horace Mann Educators declared that its board has initiated a share repurchase program on Tuesday, May 13th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after buying an additional 620 shares during the last quarter. Sterling Capital Management LLC grew its stake in Horace Mann Educators by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after buying an additional 1,153 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Horace Mann Educators during the 4th quarter worth approximately $92,000. KBC Group NV grew its stake in Horace Mann Educators by 42.3% during the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after buying an additional 707 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Horace Mann Educators by 69.5% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after buying an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HMN shares. Piper Sandler increased their target price on Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their price target on 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. Wall Street Zen raised Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Horace Mann Educators currently has an average rating of "Moderate Buy" and an average target price of $46.00.

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.