Horace Mann Educators (NYSE:HMN) CEO Marita Zuraitis Sells 4,767 Shares of Stock

Key Points

• CEO Marita Zuraitis sold 4,767 HMN shares at an average price of $46.23, totaling $220,378, under a pre-arranged Rule 10b5-1 trading plan. She retained 293,884 shares after the transaction.
• Horace Mann Educators reported quarterly EPS of $1.17, exceeding analysts’ $0.79 estimate, while revenue rose 7.7% year over year to $443.5 million.
• The company pays a quarterly dividend of $0.36 per share, equal to a 3.1% yield, and analysts maintain an overall “Buy” rating with a consensus price target of $59.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 4,767 shares of the company's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $46.23, for a total value of $220,378.41. Following the completion of the transaction, the chief executive officer directly owned 293,884 shares of the company's stock, valued at $13,586,257.32. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Marita Zuraitis sold 2,083 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.26, for a total transaction of $96,359.58.
• On Thursday, October 8th, Marita Zuraitis sold 550 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.01, for a total value of $25,305.50.
• On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.00, for a total value of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $50.99, for a total value of $382,425.00.
• On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN traded up $0.00 during mid-day trading on Monday, reaching $46.33. The company had a trading volume of 213,632 shares, compared to its average volume of 263,079. Horace Mann Educators Corporation has a one year low of $41.29 and a one year high of $55.56. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $48.74 and its 200-day moving average price is $48.41. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 10.82 and a beta of 0.08.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Friday, August 7th. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The business had revenue of $443.50 million for the quarter, compared to analyst estimates of $321.70 million. During the same period in the prior year, the company earned $1.06 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Horace Mann Educators Corporation will post 4.78 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.44 annualized dividend and a yield of 3.1%. Horace Mann Educators's dividend payout ratio is currently 33.64%.

Analysts Set New Price Targets

Several brokerages have weighed in on HMN. Zacks Research downgraded shares of Horace Mann Educators from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Wall Street Zen raised shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research note on Monday, October 12th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $59.00 price target on shares of Horace Mann Educators in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a "buy (a-)" rating on shares of Horace Mann Educators in a research report on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $59.00.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Horace Mann Educators by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider's stock worth $282,000 after purchasing an additional 341 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter worth about $47,000. Nykredit A S purchased a new stake in shares of Horace Mann Educators during the second quarter valued at $43,000. Corient Private Wealth LP increased its position in Horace Mann Educators by 0.5% during the second quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider's stock valued at $2,360,000 after acquiring an additional 226 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Horace Mann Educators in the second quarter worth approximately $387,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

About Horace Mann Educators

Horace Mann Educators Corporation NYSE: HMN is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.

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