Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis Sells 1,250 Shares

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of the sale, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 8th, Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.00, for a total value of $99,900.00.
• On Monday, January 29th, Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $35.42 on Friday. The stock has a fifty day moving average price of $35.90 and a two-hundred day moving average price of $33.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1.45 billion, a P/E ratio of 32.79 and a beta of 0.28. Horace Mann Educators Co. has a 1 year low of $27.81 and a 1 year high of $38.29.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. The firm had revenue of $402.90 million during 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%. Research analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.34 per share. 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 3.84%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 125.93%.

Analyst Ratings Changes

A number of research analysts recently commented on HMN shares. Piper Sandler reduced their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. StockNews.com cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th.

Institutional Investors Weigh In On Horace Mann Educators

Several large investors have recently modified their holdings of HMN. Advisor Group Holdings Inc. boosted its stake in shares of Horace Mann Educators by 10.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,183 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 861 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Horace Mann Educators by 38.2% during the 1st quarter. JPMorgan Chase & Co. now owns 159,434 shares of the insurance provider’s stock worth $6,670,000 after acquiring an additional 44,088 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Horace Mann Educators by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 598,357 shares of the insurance provider’s stock worth $25,029,000 after acquiring an additional 12,787 shares in the last quarter. Citigroup Inc. boosted its position in shares of Horace Mann Educators by 9.7% in the first quarter. Citigroup Inc. now owns 35,896 shares of the insurance provider’s stock worth $1,502,000 after buying an additional 3,173 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Horace Mann Educators by 21.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,224 shares of the insurance provider’s stock worth $512,000 after buying an additional 2,198 shares during the period. 99.28% of the stock is owned by institutional investors.

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.