Horace Mann Educators (NYSE:HMN) Stock: Insider Marita Zuraitis Sells 550 Shares

Horace Mann Educators Corporation (NYSE:HMN) CEO Marita Zuraitis sold 550 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $46.01, for a total value of $25,305.50. Following the completion of the sale, the chief executive officer owned 300,734 shares of the company’s stock, valued at approximately $13,836,771.34. The trade was a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.00, for a total value of $4,600.00.
• On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $50.99, for a total value of $382,425.00.
• On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $52.03, for a total value of $390,225.00.

Horace Mann Educators Trading Down 0.3%

Shares of NYSE:HMN opened at $45.70 on Thursday. The stock has a 50 day moving average of $49.02 and a 200 day moving average of $48.36. The company has a market cap of $1.85 billion, a PE ratio of 10.68 and a beta of 0.08. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.40. Horace Mann Educators Corporation has a 12-month low of $41.29 and a 12-month high of $55.56.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Friday, August 7th. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The company had revenue of $443.50 million for the quarter, compared to analysts’ expectations of $321.70 million. During the same quarter last year, the business earned $1.06 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Horace Mann Educators Corporation will post 4.78 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 33.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HMN. GAMMA Investing LLC lifted its position in Horace Mann Educators by 5.7% during the third quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 341 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Horace Mann Educators in the 2nd quarter worth $47,000. Nykredit A S bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth about $43,000. Corient Private Wealth LP increased its holdings in shares of Horace Mann Educators by 0.5% in the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock worth $2,360,000 after buying an additional 226 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth about $387,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HMN. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 target price on shares of Horace Mann Educators in a report on Thursday, August 13th. Weiss Ratings reissued a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Zacks Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Wall Street Zen raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $59.00.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.