Marita Zuraitis Sells 5,000 Shares of Horace Mann Educators Corporation (NYSE:HMN) Stock

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $42.87, for a total value of $214,350.00. Following the sale, the chief executive officer directly owned 307,155 shares of the company's stock, valued at $13,167,734.85. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 2nd, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $43.24, for a total value of $216,200.00.
• On Thursday, May 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $41.40, for a total value of $207,000.00.

Horace Mann Educators Trading Up 1.6%

NYSE:HMN traded up $0.68 during trading hours on Thursday, hitting $42.60. The company had a trading volume of 179,458 shares, compared to its average volume of 248,570. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $42.61 and a 200 day moving average of $41.01. The company has a market cap of $1.74 billion, a P/E ratio of 15.43 and a beta of 0.27. Horace Mann Educators Corporation has a 1 year low of $31.81 and a 1 year high of $44.44.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.19. Horace Mann Educators had a return on equity of 11.86% and a net margin of 7.04%. The company had revenue of $416.40 million during the quarter, compared to analysts' expectations of $421.40 million. During the same period in the prior year, the business earned $0.62 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators declared that its Board of Directors has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 50.72%.

Hedge Funds Weigh In On Horace Mann Educators

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Horace Mann Educators in the 1st quarter valued at $693,000. Assenagon Asset Management S.A. acquired a new position in Horace Mann Educators during the 1st quarter worth about $275,000. Jane Street Group LLC lifted its stake in Horace Mann Educators by 41.4% during the 4th quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider's stock worth $869,000 after acquiring an additional 6,483 shares in the last quarter. Norges Bank acquired a new position in Horace Mann Educators during the 4th quarter worth about $4,209,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Horace Mann Educators by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock worth $22,239,000 after acquiring an additional 8,570 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler boosted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen cut Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators currently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

About Horace Mann Educators

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.