Horace Mann Educators Co. (NYSE:HMN) EVP Sells $204,204.00 in Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) EVP Bret A. Conklin sold 4,760 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $42.90, for a total value of $204,204.00. Following the completion of the sale, the executive vice president now directly owns 58,587 shares in the company, valued at approximately $2,513,382.30. This represents a 7.51% 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 Up 0.9%

HMN stock traded up $0.37 during midday trading on Thursday, hitting $43.13. The company's stock had a trading volume of 169,508 shares, compared to its average volume of 250,841. The company has a market cap of $1.76 billion, a PE ratio of 17.39 and a beta of 0.28. 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. The firm's 50-day moving average is $41.88 and its 200-day moving average is $40.91.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. The business had revenue of $416.40 million during 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 in the previous year, the business earned $0.62 EPS. On average, equities research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.35 per share. The ex-dividend date 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 announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds have recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC raised 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 valued at $31,000 after buying an additional 620 shares during the last quarter. Sterling Capital Management LLC increased its stake in Horace Mann Educators by 806.3% in 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 in the last quarter. Venturi Wealth Management LLC purchased a new stake in Horace Mann Educators in the 4th quarter worth $92,000. KBC Group NV increased its stake in Horace Mann Educators by 42.3% in 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in Horace Mann Educators by 69.5% in 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 in the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HMN has been the topic of several analyst reports. Raymond James reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Wall Street Zen raised Horace Mann Educators from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently 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.