Horace Mann Educators Co. (NYSE:HMN) Director Sells $237,078.72 in Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Horace Mann Educators Price Performance

HMN stock traded down $1.24 during mid-day trading on Wednesday, hitting $40.82. The stock had a trading volume of 233,254 shares, compared to its average volume of 243,401. The firm has a fifty day simple moving average of $36.29 and a 200 day simple moving average of $34.96. Horace Mann Educators Co. has a 52 week low of $31.81 and a 52 week high of $43.26. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.66 billion, a P/E ratio of 16.47 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, research analysts forecast that Horace Mann Educators Co. will post 2.61 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HMN shares. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Piper Sandler raised their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HMN. Louisiana State Employees Retirement System increased its position in Horace Mann Educators by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 400 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Horace Mann Educators by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock worth $1,322,000 after acquiring an additional 464 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Horace Mann Educators by 2.2% during the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock valued at $729,000 after purchasing an additional 473 shares in the last quarter. Bessemer Group Inc. grew its holdings in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 483 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the period. 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.