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

Key Points

• Marita Zuraitis, CEO of Horace Mann Educators, sold 5,000 shares of stock for a total of $224,050, reducing her ownership by 1.67% to 293,788 shares.
• The company recently announced a quarterly dividend of $0.35 per share, with an annualized dividend yield of 3.1%, and a payout ratio of 41.42%.
• Horace Mann Educators reported a quarterly earnings per share (EPS) of $1.06, surpassing estimates, with a revenue of $302.60 million, indicating a 6.1% year-over-year increase.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $44.81, for a total transaction of $224,050.00. Following the completion of the sale, the chief executive officer directly owned 293,788 shares in the company, valued at $13,164,640.28. This trade represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 2nd, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $45.76, for a total transaction of $228,800.00.
• On Friday, August 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $42.28, for a total transaction of $211,400.00.

Horace Mann Educators Price Performance

Shares of NYSE HMN traded up $0.32 on Friday, hitting $44.53. The company's stock had a trading volume of 32,099 shares, compared to its average volume of 244,615. Horace Mann Educators Corporation has a 12-month low of $34.19 and a 12-month high of $47.81. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.17 and a beta of 0.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50 day moving average of $44.87 and a 200-day moving average of $42.94.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, research analysts predict that Horace Mann Educators Corporation will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Horace Mann Educators's dividend payout ratio (DPR) is 41.42%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HMN. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Wall Street Zen cut shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price objective on shares of Horace Mann Educators and gave the stock an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Institutional Trading of Horace Mann Educators

Several institutional investors have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. acquired a new position in shares of Horace Mann Educators during the second quarter worth approximately $10,377,000. Arrowstreet Capital Limited Partnership grew its stake in Horace Mann Educators by 43.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider's stock valued at $31,495,000 after purchasing an additional 220,275 shares during the period. American Century Companies Inc. grew its stake in Horace Mann Educators by 66.7% in the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider's stock valued at $23,507,000 after purchasing an additional 220,174 shares during the period. Marshall Wace LLP bought a new position in Horace Mann Educators in the 2nd quarter valued at $5,749,000. Finally, Nuveen LLC bought a new position in Horace Mann Educators in the 1st quarter valued at $5,089,000. 99.28% of the stock is currently owned by institutional investors.

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.

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