Horace Mann Educators (NYSE:HMN) Director Beverley Mcclure Sells 1,082 Shares

Horace Mann Educators Corporation (NYSE:HMN) Director Beverley Mcclure sold 1,082 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $45.40, for a total value of $49,122.80. Following the transaction, the director directly owned 16,733 shares of the company’s stock, valued at $759,678.20. This represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Horace Mann Educators Stock Down 1.4%

Horace Mann Educators stock traded down $0.66 during midday trading on Monday, reaching $45.68. The stock had a trading volume of 124,360 shares, compared to its average volume of 242,147. Horace Mann Educators Corporation has a 1-year low of $36.20 and a 1-year high of $48.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s fifty day simple moving average is $45.25 and its 200-day simple moving average is $43.77. The stock has a market capitalization of $1.86 billion, a P/E ratio of 13.52 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The company had revenue of $330.60 million during the quarter. As a group, analysts expect that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.40 annualized dividend and a yield of 3.1%. Horace Mann Educators’s payout ratio is 35.44%.

Institutional Trading of Horace Mann Educators

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Horace Mann Educators by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,007,719 shares of the insurance provider’s stock valued at $226,199,000 after buying an additional 78,079 shares in the last quarter. American Century Companies Inc. grew its position in Horace Mann Educators by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 829,376 shares of the insurance provider’s stock worth $37,463,000 after acquiring an additional 97,366 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Horace Mann Educators by 1.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 744,369 shares of the insurance provider’s stock worth $33,623,000 after purchasing an additional 11,411 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Horace Mann Educators by 51.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock worth $29,971,000 after purchasing an additional 225,800 shares in the last quarter. Finally, Invesco Ltd. raised its position in Horace Mann Educators by 32.0% in the third quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock valued at $29,164,000 after purchasing an additional 156,652 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HMN has been the subject of several analyst reports. BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. Finally, Wall Street Zen lowered Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.75.

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.