Insider Selling: Horace Mann Educators Co. (NYSE:HMN) EVP Sells 4,752 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) EVP Bret A. Conklin sold 4,752 shares of Horace Mann Educators stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $43.11, for a total transaction of $204,858.72. Following the transaction, the executive vice president now directly owns 58,106 shares of the company's stock, valued at $2,504,949.66. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Horace Mann Educators Trading Up 1.9%

Shares of HMN traded up $0.82 during trading hours on Friday, reaching $43.97. 271,229 shares of the company traded hands, compared to its average volume of 252,046. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 17.73 and a beta of 0.28. The stock's fifty day moving average price is $41.82 and its 200 day moving average price is $40.86. Horace Mann Educators Co. has a 12-month low of $31.81 and a 12-month high of $44.44. The company has a current ratio of 0.10, a quick ratio of 0.09 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 analysts' consensus estimates of $0.88 by $0.19. The business had revenue of $416.40 million for the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend 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 share buyback program on Tuesday, May 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 1,153 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Horace Mann Educators in the fourth quarter valued at about $92,000. KBC Group NV raised its holdings in shares of Horace Mann Educators by 42.3% in the fourth quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock valued at $93,000 after acquiring an additional 707 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock valued at $115,000 after acquiring an additional 1,106 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

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.