Horace Mann Educators (NYSE:HMN) Stock: Insider Donald Carley Sells 3,551 Shares

Key Points

• General Counsel Donald Carley sold 3,551 shares for $184,652, reducing his direct holdings by 12.27%; the sale covered tax withholding on vested equity awards.
• Horace Mann reported quarterly EPS of $2.06, beating the $1.10 analyst consensus, and revenue of $439.2 million versus expectations of $320 million.
• Shares traded at $53.75, while analysts’ consensus rating was Buy with a $59 price target; the company’s annualized dividend yield was 2.7%.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) General Counsel Donald Carley sold 3,551 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $52.00, for a total value of $184,652.00. Following the completion of the transaction, the general counsel directly owned 25,394 shares in the company, valued at approximately $1,320,488. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Horace Mann Educators Trading Up 1.3%

Shares of NYSE:HMN traded up $0.69 during midday trading on Tuesday, hitting $53.75. The company had a trading volume of 288,543 shares, compared to its average volume of 268,001. Horace Mann Educators Corporation has a 12 month low of $41.29 and a 12 month high of $55.56. The company has a current ratio of 0.12, a quick ratio of 0.08 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 12.53 and a beta of 0.09. The firm has a fifty day simple moving average of $47.67 and a 200 day simple moving average of $47.10.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.96. The business had revenue of $439.20 million during the quarter, compared to analysts' expectations of $320.00 million. Horace Mann Educators had a return on equity of 16.07% and a net margin of 10.16%. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, analysts predict that Horace Mann Educators Corporation will post 5.85 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.7%. Horace Mann Educators's dividend payout ratio is 33.57%.

Institutional Investors Weigh In On Horace Mann Educators

Several large investors have recently modified their holdings of the business. Edgestream Partners L.P. acquired a new stake in shares of Horace Mann Educators during the third quarter worth about $7,971,000. Maryland State Retirement & Pension System grew its position in shares of Horace Mann Educators by 52.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 9,049 shares of the insurance provider's stock valued at $404,000 after purchasing an additional 3,115 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Horace Mann Educators by 5.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 21,263 shares of the insurance provider's stock valued at $948,000 after purchasing an additional 1,124 shares during the period. Keybank National Association OH increased its stake in Horace Mann Educators by 4.3% during the 3rd quarter. Keybank National Association OH now owns 5,634 shares of the insurance provider's stock worth $251,000 after purchasing an additional 232 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Horace Mann Educators by 38.3% during the 3rd quarter. ProShare Advisors LLC now owns 197,164 shares of the insurance provider's stock worth $8,794,000 after purchasing an additional 54,614 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HMN. Weiss Ratings downgraded shares of Horace Mann Educators from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, October 28th. Raymond James Financial restated a "strong-buy" rating and set a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Zacks Research cut shares of Horace Mann Educators from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Horace Mann Educators has a consensus rating of "Buy" and a consensus price target of $59.00.

About Horace Mann Educators

Horace Mann Educators Corporation is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators, the company develops products and services with the needs of education professionals in mind. Its offerings include auto, homeowners and life insurance, as well as retirement annuities and other financial products. The company also provides supplemental insurance and services intended to help educators manage student loan debt.

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