Key Points
- CEO Marita Zuraitis sold 550 Horace Mann shares at an average price of $46.01, generating $25,305.50. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 300,734 shares.
- Horace Mann reported quarterly EPS of $1.17, beating estimates of $0.79, while revenue rose 7.7% year over year to $443.5 million.
- The company pays a quarterly dividend of $0.36, equivalent to a 3.1% annualized yield, and analysts maintain a consensus “Strong Buy” rating with an average $59 price target.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 550 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $46.01, for a total transaction of $25,305.50. Following the completion of the transaction, the chief executive officer owned 300,734 shares in the company, valued at $13,836,771.34. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marita Zuraitis also recently made the following trade(s):
- On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.00, for a total transaction of $4,600.00.
- On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $50.99, for a total transaction of $382,425.00.
- On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The shares were sold at an average price of $52.03, for a total value of $390,225.00.
Horace Mann Educators Stock Up 0.4%
Shares of NYSE HMN opened at $45.81 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.70 and a beta of 0.08. The stock has a 50 day moving average price of $49.15 and a 200 day moving average price of $48.34. Horace Mann Educators Corporation has a 52-week low of $41.29 and a 52-week high of $55.56.
Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. The company had revenue of $443.50 million for the quarter, compared to analysts' expectations of $321.70 million. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. Horace Mann Educators's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Sell-side analysts expect that Horace Mann Educators Corporation will post 4.78 earnings per share for the current year.
Horace Mann Educators Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators's dividend payout ratio is currently 33.64%.
Wall Street Analysts Forecast Growth
HMN has been the topic of several research reports. Zacks Research upgraded Horace Mann Educators from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Monday. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $59.00 price objective on shares of Horace Mann Educators in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Horace Mann Educators in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average price target of $59.00.
Check Out Our Latest Stock Report on Horace Mann Educators
Hedge Funds Weigh In On Horace Mann Educators
Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Horace Mann Educators by 5.7% during the third quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider's stock worth $282,000 after buying an additional 341 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Horace Mann Educators during the 2nd quarter valued at $47,000. Nykredit A S purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at $43,000. Corient Private Wealth LP increased its holdings in shares of Horace Mann Educators by 0.5% in the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider's stock valued at $2,360,000 after acquiring an additional 226 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at $387,000. 99.28% of the stock is owned by hedge funds and other institutional investors.
Horace Mann Educators Company Profile
(
Get Free Report)
Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.
Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.
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