Horace Mann Educators Co. (NYSE:HMN) EVP Sells $282,465.30 in Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) EVP Bret A. Conklin sold 6,486 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $43.55, for a total transaction of $282,465.30. Following the sale, the executive vice president now directly owns 57,026 shares in the company, valued at $2,483,482.30. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Horace Mann Educators Stock Performance

HMN traded up $0.82 during midday trading on Friday, hitting $43.97. 271,229 shares of the company traded hands, compared to its average volume of 252,046. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.79 billion, a PE ratio of 17.73 and a beta of 0.28. The company's 50-day moving average is $41.82 and its 200 day moving average is $40.86. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.19. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The firm had revenue of $416.40 million for the quarter, compared to analysts' expectations of $421.40 million. During the same quarter in the prior year, the business earned $0.62 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 13th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its stake in shares of Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock worth $31,000 after purchasing an additional 620 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Horace Mann Educators by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after purchasing an additional 1,153 shares during the period. Venturi Wealth Management LLC bought a new stake in Horace Mann Educators during the 4th quarter worth approximately $92,000. KBC Group NV raised its stake in Horace Mann Educators by 42.3% during the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after acquiring an additional 707 shares during the period. Finally, GAMMA Investing LLC raised its stake in Horace Mann Educators by 69.5% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after acquiring an additional 1,106 shares during the period. Institutional investors own 99.28% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen raised shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Tuesday, February 11th. Raymond James restated a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Piper Sandler upped their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.00.

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.