Horace Mann Educators Co. (NYSE:HMN) Sees Large Decrease in Short Interest

Horace Mann Educators Co. (NYSE:HMNGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 480,900 shares, a decrease of 9.0% from the February 29th total of 528,500 shares. Based on an average daily trading volume, of 204,500 shares, the short-interest ratio is presently 2.4 days. Approximately 1.2% of the shares of the company are short sold.

Insider Activity

In other news, CEO Marita Zuraitis sold 50,098 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total transaction of $1,858,134.82. Following the transaction, the chief executive officer now owns 279,600 shares of the company’s stock, valued at approximately $10,370,364. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now directly owns 21,674 shares in the company, valued at approximately $780,264. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 50,098 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $37.09, for a total value of $1,858,134.82. Following the sale, the chief executive officer now owns 279,600 shares in the company, valued at $10,370,364. The disclosure for this sale can be found here. Insiders have sold 73,077 shares of company stock valued at $2,682,021 in the last 90 days. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

Several institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of Horace Mann Educators by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after purchasing an additional 375 shares during the last quarter. Putnam Investments LLC increased its position in shares of Horace Mann Educators by 0.3% during the 4th quarter. Putnam Investments LLC now owns 137,515 shares of the insurance provider’s stock valued at $5,139,000 after purchasing an additional 378 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Horace Mann Educators by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock valued at $1,605,000 after purchasing an additional 389 shares during the last quarter. State of Wyoming increased its position in shares of Horace Mann Educators by 41.0% during the 2nd quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 439 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Horace Mann Educators by 5.8% during the 3rd quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 464 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. Finally, TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th.

Check Out Our Latest Stock Report on Horace Mann Educators

Horace Mann Educators Price Performance

NYSE HMN traded up $0.04 during trading on Tuesday, reaching $36.61. The company’s stock had a trading volume of 216,442 shares, compared to its average volume of 210,582. The stock has a market capitalization of $1.50 billion, a PE ratio of 33.90 and a beta of 0.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a fifty day moving average of $36.13 and a 200 day moving average of $33.51. Horace Mann Educators has a one year low of $27.81 and a one year high of $38.29.

Horace Mann Educators (NYSE:HMNGet Free Report) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. The business had revenue of $402.90 million for the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Analysts expect that Horace Mann Educators will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.34 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

About Horace Mann Educators

(Get Free Report)

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.

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