Key Points
- Insider sale: Director Henry Wade Reece sold 1,316 shares on Nov. 24 at an average price of $45.27 for $59,575, reducing his stake by 3.26% to 39,001 shares valued at about $1.77 million.
- Horace Mann stock traded at $46.03 with volume of 419,314 (above its 243,219 average); the company has a market cap of ~$1.87 billion, a P/E of 13.62 and a 52-week range of $36.20–$48.33.
- The firm pays a quarterly dividend of $0.35 (annualized $1.40) for a 3.0% yield, and analysts give a consensus rating of "Moderate Buy" with a $46.75 price target.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) Director Henry Wade Reece sold 1,316 shares of the firm's stock in a transaction on Monday, November 24th. The shares were sold at an average price of $45.27, for a total value of $59,575.32. Following the transaction, the director directly owned 39,001 shares in the company, valued at $1,765,575.27. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Horace Mann Educators Price Performance
Shares of Horace Mann Educators stock traded up $0.18 during trading on Thursday, hitting $46.03. The stock had a trading volume of 419,314 shares, compared to its average volume of 243,219. The business has a fifty day moving average of $45.13 and a two-hundred day moving average of $43.98. Horace Mann Educators Corporation has a fifty-two week low of $36.20 and a fifty-two week high of $48.33. The firm has a market cap of $1.87 billion, a P/E ratio of 13.62 and a beta of 0.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09.
Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $330.60 million for the quarter. On average, sell-side analysts expect that Horace Mann Educators Corporation will post 3.87 earnings per share for the current fiscal year.
Horace Mann Educators Dividend Announcement
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 $0.35 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.40 annualized dividend and a yield of 3.0%. Horace Mann Educators's payout ratio is 35.44%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position 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 valued at $1,438,000 after acquiring an additional 11,954 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Horace Mann Educators by 12.7% in the first 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 bought a new stake in shares of Horace Mann Educators during the 1st quarter worth about $371,000. Natixis Advisors LLC increased its holdings in shares of Horace Mann Educators by 1.7% during the 1st 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. Finally, US Bancorp DE increased its holdings in shares of Horace Mann Educators by 2,693.3% during the 1st quarter. US Bancorp DE now owns 4,190 shares of the insurance provider's stock valued at $179,000 after acquiring an additional 4,040 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Horace Mann Educators in a report on Friday, October 31st. Wall Street Zen lowered shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.
Read Our Latest Stock Report on Horace Mann Educators
Horace Mann Educators Company Profile
(
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.
Further Reading
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