Marita Zuraitis Sells 1,250 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at $11,265,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 8th, Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00.
• On Monday, January 29th, Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock. The shares were sold at an average price of $37.09, for a total transaction of $1,858,134.82.

Horace Mann Educators Stock Performance

Horace Mann Educators stock traded up $0.94 during mid-day trading on Thursday, reaching $35.42. The company's stock had a trading volume of 249,478 shares, compared to its average volume of 208,770. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 32.79 and a beta of 0.28. The business has a 50 day moving average price of $35.90 and a 200-day moving average price of $33.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. Horace Mann Educators Co. has a twelve month low of $27.81 and a twelve month high of $38.29.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The company had revenue of $402.90 million during the quarter, compared to the consensus estimate of $394.40 million. Sell-side analysts predict that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 annualized dividend and a yield of 3.84%. This is an increase from Horace Mann Educators's previous quarterly dividend of $0.33. Horace Mann Educators's dividend payout ratio is presently 125.93%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, April 5th. TheStreet upgraded shares of Horace Mann Educators from a "c" rating to a "b" rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. Finally, StockNews.com lowered shares of Horace Mann Educators from a "buy" rating to a "hold" rating in a research note on Tuesday.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. lifted its holdings in Horace Mann Educators by 381.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider's stock worth $4,241,000 after purchasing an additional 114,380 shares during the period. Charles Schwab Investment Management Inc. raised its position in Horace Mann Educators by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider's stock worth $14,774,000 after acquiring an additional 30,908 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Horace Mann Educators in the third quarter worth about $664,000. Envestnet Asset Management Inc. raised its position in Horace Mann Educators by 95.3% in the third quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider's stock worth $5,456,000 after acquiring an additional 90,607 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Horace Mann Educators by 19.3% in the 3rd quarter. GSA Capital Partners LLP now owns 39,624 shares of the insurance provider's stock valued at $1,164,000 after buying an additional 6,399 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

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.