Key Points
- CEO Marita Zuraitis sold 5,000 HMN shares on Dec. 1 at an average price of $45.35 ($226,750), after two prior 5,000-share sales in Oct. and Nov., cutting her stake to 283,788 shares (a 1.73% decrease).
- Horace Mann announced a quarterly dividend of $0.35 per share (annualized $1.40) payable Dec. 31 with an ex-dividend/record date of Dec. 15, representing a yield of about 3.1%.
- The stock trades near $44.60 with a 1-year range of $36.20–$48.33, a market cap of $1.81B and a P/E of 11.29, and carries a consensus analyst rating of “Moderate Buy” with an average price target of $46.75.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $45.35, for a total value of $226,750.00. Following the transaction, the chief executive officer owned 283,788 shares of the company's stock, valued at approximately $12,869,785.80. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Marita Zuraitis also recently made the following trade(s):
- On Monday, November 3rd, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $44.17, for a total value of $220,850.00.
- On Wednesday, October 1st, Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $44.81, for a total transaction of $224,050.00.
Horace Mann Educators Stock Performance
NYSE HMN opened at $44.60 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.10 and a quick ratio of 0.10. Horace Mann Educators Corporation has a 1-year low of $36.20 and a 1-year high of $48.33. The company has a market cap of $1.81 billion, a PE ratio of 11.29 and a beta of 0.08. The stock's 50 day simple moving average is $45.06 and its 200-day simple moving average is $44.09.
Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. The business had revenue of $330.60 million for the quarter. Horace Mann Educators had a return on equity of 15.69% and a net margin of 9.79%. As a group, equities research analysts anticipate that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.
Horace Mann Educators Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators's dividend payout ratio is 35.44%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Horace Mann Educators in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.75.
Read Our Latest Stock Report on Horace Mann Educators
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS raised its holdings in Horace Mann Educators by 52.5% during the second quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the insurance provider's stock worth $1,036,000 after purchasing an additional 8,300 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter worth about $514,000. Nuveen LLC acquired a new stake in Horace Mann Educators in the 1st quarter valued at about $5,089,000. XTX Topco Ltd acquired a new stake in Horace Mann Educators in the 1st quarter valued at about $371,000. Finally, American Century Companies Inc. increased its holdings in Horace Mann Educators by 66.7% during the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider's stock valued at $23,507,000 after acquiring an additional 220,174 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.
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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