Horace Mann Educators Corporation (NYSE:HMN) CEO Sells $211,400.00 in Stock

Key Points

• CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators Corporation (NYSE:HMN) on August 1st for approximately $211,400, reducing her total ownership by 1.63%.
• The company recently announced a quarterly dividend payment of $0.35 per share, reflecting an annualized dividend of $1.40 and a yield of 3.3%.
• Horace Mann Educators has authorized a stock repurchase plan of $50 million, indicating the board's belief that the stock is undervalued.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer directly owned 302,155 shares of the company's stock, valued at $12,775,113.40. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, July 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $42.87, for a total transaction of $214,350.00.
• 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 transaction of $216,200.00.

Horace Mann Educators Stock Up 2.9%

HMN stock traded up $1.21 during midday trading on Thursday, hitting $43.55. The stock had a trading volume of 126,864 shares, compared to its average volume of 252,337. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 15.74 and a beta of 0.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Corporation has a 52-week low of $33.00 and a 52-week high of $44.64. The business has a 50-day moving average of $42.13 and a two-hundred day moving average of $41.46.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.45. The firm had revenue of $302.60 million during the quarter, compared to analysts' expectations of $425.35 million. Horace Mann Educators had a return on equity of 11.86% and a net margin of 7.04%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. As a group, equities research analysts forecast that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is 41.42%.

Horace Mann Educators announced that its board has initiated a share repurchase program on Tuesday, May 13th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Piper Sandler lifted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Horace Mann Educators by 183.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,264 shares of the insurance provider's stock valued at $84,827,000 after buying an additional 1,400,210 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Horace Mann Educators during the second quarter worth $10,377,000. American Century Companies Inc. grew its position in Horace Mann Educators by 66.7% in the first quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider's stock worth $23,507,000 after acquiring an additional 220,174 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Horace Mann Educators in the 1st quarter worth about $5,089,000. Finally, GAMMA Investing LLC increased its position in shares of Horace Mann Educators by 7,143.4% during the first quarter. GAMMA Investing LLC now owns 115,243 shares of the insurance provider's stock valued at $49,240,000 after acquiring an additional 113,652 shares in the last quarter. 99.28% of the stock is owned by institutional investors.

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.