Key Points
- SVP Mark Desrochers sold 3,000 shares on Nov. 21 at an average price of $47 for $141,000, leaving him with 20,556 shares — a 12.74% reduction in his stake.
- The company pays a quarterly dividend of $0.35 (annualized $1.40), representing a 3.1% yield and a dividend payout ratio of 35.44%.
- HMN trades in the mid-$40s (opened $45.85), has a market cap of about $1.87B and a P/E of 13.56, and carries a consensus analyst rating of Moderate Buy with a $46.75 target.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) SVP Mark Desrochers sold 3,000 shares of the company's stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $47.00, for a total value of $141,000.00. Following the sale, the senior vice president owned 20,556 shares in the company, valued at approximately $966,132. This represents a 12.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Horace Mann Educators Price Performance
HMN stock opened at $45.85 on Wednesday. The firm has a 50 day moving average of $45.12 and a 200-day moving average of $43.97. The firm has a market capitalization of $1.87 billion, a P/E ratio of 13.56 and a beta of 0.21. Horace Mann Educators Corporation has a 12 month low of $36.20 and a 12 month high of $48.33. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.40.
Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its 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 business had revenue of $330.60 million for the quarter. As a group, sell-side analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.
Horace Mann Educators Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators's dividend payout ratio (DPR) is 35.44%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Horace Mann Educators by 55.1% during the first quarter. Victory Capital Management Inc. now owns 33,644 shares of the insurance provider's stock worth $1,438,000 after purchasing an additional 11,954 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Horace Mann Educators during the 1st quarter valued at about $218,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Horace Mann Educators by 12.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,954 shares of the insurance provider's stock worth $554,000 after buying an additional 1,455 shares during the last quarter. XTX Topco Ltd purchased a new stake in Horace Mann Educators in the first quarter worth approximately $371,000. Finally, Natixis Advisors LLC grew its position in Horace Mann Educators by 1.7% during the first quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider's stock valued at $952,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 99.28% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Wall Street Zen cut Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Horace Mann Educators in a report on Friday, October 31st. One investment 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 stock. According to MarketBeat.com, Horace Mann Educators presently has an average rating of "Moderate Buy" and a consensus target price of $46.75.
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About Horace Mann Educators
(
Get Free Report)
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.
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