Insider Selling: Horace Mann Educators Co. (NYSE:HMN) CEO Sells 5,000 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $41.40, for a total value of $207,000.00. Following the transaction, the chief executive officer now directly owns 315,451 shares of the company's stock, valued at $13,059,671.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, April 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $43.09, for a total transaction of $215,450.00.

Horace Mann Educators Stock Performance

Shares of NYSE HMN traded up $0.00 during trading hours on Monday, reaching $42.25. The stock had a trading volume of 21,930 shares, compared to its average volume of 243,556. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.04 and a beta of 0.28. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The business's fifty day moving average is $41.29 and its two-hundred day moving average is $40.23.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. As a group, research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.35 per share. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.31%. Horace Mann Educators's dividend payout ratio is 56.45%.

Institutional Trading of Horace Mann Educators

A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in shares of Horace Mann Educators by 389.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 620 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after acquiring an additional 1,153 shares in the last quarter. GAMMA Investing LLC grew its position in Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 671 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Horace Mann Educators in the 4th quarter valued at approximately $92,000. Finally, KBC Group NV increased its holdings 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. Institutional investors own 99.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HMN. JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Tuesday, February 11th. Finally, Piper Sandler raised their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.