Horace Mann Educators (NYSE:HMN) CEO Sells $96,359.58 in Stock

Key Points

• CEO Marita Zuraitis sold 2,083 Horace Mann shares for approximately $96,360 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 0.69% to 298,651 shares.
• Horace Mann reported quarterly earnings of $1.17 per share, exceeding analysts’ $0.79 estimate, while revenue rose 7.7% year over year to $443.5 million.
• The stock traded near $46.33, and the company maintains a $0.36 quarterly dividend, equivalent to a 3.1% yield; analysts’ average rating is “Buy” with a $59 price target.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 2,083 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $46.26, for a total transaction of $96,359.58. Following the completion of the transaction, the chief executive officer directly owned 298,651 shares in the company, valued at $13,815,595.26. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Friday, October 16th, Marita Zuraitis sold 4,767 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.23, for a total transaction of $220,378.41.
• 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 shares were sold at an average price of $46.00, for a total transaction of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was 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 transaction of $390,225.00.

Horace Mann Educators Stock Up 0.0%

NYSE:HMN traded up $0.00 during midday 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 12-month low of $41.29 and a 12-month high of $55.56. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.82 and a beta of 0.08. 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 stock's fifty day simple moving average is $48.74 and its 200-day simple moving average is $48.41.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Friday, August 7th. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.38. The firm had revenue of $443.50 million during the quarter, compared to the consensus estimate of $321.70 million. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, sell-side analysts anticipate that Horace Mann Educators Corporation will post 4.78 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Horace Mann Educators during the 2nd quarter worth $304,006,000. Wasatch Advisors LP bought a new position in shares of Horace Mann Educators in the second quarter valued at approximately $72,363,000. Bank of America Corp DE acquired a new stake in shares of Horace Mann Educators in the second quarter valued at $29,287,000. Bank of New York Mellon Corp bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $20,061,000. Finally, Empowered Funds LLC acquired a new position in Horace Mann Educators in the second quarter worth approximately $10,192,000. 99.28% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.