Horace Mann Educators (NYSE:HMN) General Counsel Sells $184,652.00 in Stock

Horace Mann Educators Corporation (NYSE:HMN) General Counsel Donald Carley sold 3,551 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $52.00, for a total transaction of $184,652.00. Following the completion of the transaction, the general counsel owned 25,394 shares of the company’s stock, valued at $1,320,488. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Horace Mann Educators Stock Down 1.2%

Shares of HMN stock opened at $52.72 on Friday. Horace Mann Educators Corporation has a 12-month low of $41.29 and a 12-month high of $55.56. The company has a quick ratio of 0.08, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $47.80 and a 200-day moving average of $47.25. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.29 and a beta of 0.09.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.96. The firm had revenue of $439.20 million during the quarter, compared to analyst estimates of $320.00 million. Horace Mann Educators had a net margin of 10.16% and a return on equity of 16.07%. During the same period in the prior year, the business earned $1.36 EPS. As a group, equities research analysts predict that Horace Mann Educators Corporation will post 5.85 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s payout ratio is 33.57%.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth about $29,287,000. Hsbc Holdings PLC acquired a new stake in Horace Mann Educators in the 4th quarter valued at about $914,000. Emerald Investment Advisers LLC acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $3,471,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $1,705,000. Finally, BlackRock Inc. bought a new position in Horace Mann Educators during the second quarter worth about $304,006,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Zacks Research lowered Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Weiss Ratings cut Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $59.00 price target on shares of Horace Mann Educators in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $59.00.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators, the company develops products and services with the needs of education professionals in mind. Its offerings include auto, homeowners and life insurance, as well as retirement annuities and other financial products. The company also provides supplemental insurance and services intended to help educators manage student loan debt.