Key Points
- CEO Marita Zuraitis sold 2,083 HMN shares for approximately $96,360 under a pre-arranged Rule 10b5-1 trading plan, reducing her position by 0.69% while retaining 298,651 shares.
- Horace Mann reported quarterly EPS of $1.17, exceeding the $0.79 consensus estimate, while revenue rose 7.7% year over year to $443.5 million.
- The company pays a quarterly dividend of $0.36, equating to a 3.1% yield; analysts maintain an overall “Buy” rating with an average $59 price target versus the stock’s $46.33 opening price.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) CEO Marita Zuraitis sold 2,083 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $46.26, for a total transaction of $96,359.58. Following the completion of the sale, the chief executive officer owned 298,651 shares in the company, valued at $13,815,595.26. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marita Zuraitis also recently made the following trade(s):
- On Friday, October 16th, Marita Zuraitis sold 4,767 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.23, for a total value of $220,378.41.
- On Thursday, October 8th, Marita Zuraitis sold 550 shares of Horace Mann Educators stock. The shares were sold at an average price of $46.01, for a total value of $25,305.50.
- On Tuesday, October 6th, Marita Zuraitis sold 100 shares of Horace Mann Educators stock. The stock was sold at an average price of $46.00, for a total value of $4,600.00.
- On Tuesday, September 1st, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $50.99, for a total value of $382,425.00.
- On Monday, August 3rd, Marita Zuraitis sold 7,500 shares of Horace Mann Educators stock. The stock was sold at an average price of $52.03, for a total value of $390,225.00.
Horace Mann Educators Stock Up 0.0%
HMN opened at $46.33 on Tuesday. Horace Mann Educators Corporation has a 12 month low of $41.29 and a 12 month high of $55.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $1.88 billion, a P/E ratio of 10.82 and a beta of 0.08. The stock's 50 day moving average price is $48.61 and its 200 day moving average price is $48.43.
Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Friday, August 7th. The insurance provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The firm had revenue of $443.50 million for the quarter, compared to the consensus estimate of $321.70 million. During the same quarter in the previous year, the business earned $1.06 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts predict that Horace Mann Educators Corporation will post 4.78 earnings per share for the current year.
Horace Mann Educators Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. Horace Mann Educators's dividend payout ratio is presently 33.64%.
Analyst Upgrades and Downgrades
HMN has been the topic of a number of recent analyst reports. Zacks Research cut shares of Horace Mann Educators from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Horace Mann Educators in a report on Friday, September 11th. Wall Street Zen upgraded shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research report on Monday, October 12th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $59.00 target price on shares of Horace Mann Educators in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Horace Mann Educators presently has an average rating of "Buy" and an average price target of $59.00.
Get Our Latest Report on HMN
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in HMN. BlackRock Inc. bought a new stake in Horace Mann Educators during the second quarter worth approximately $304,006,000. Dimensional Fund Advisors LP lifted its position in Horace Mann Educators by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider's stock worth $93,243,000 after purchasing an additional 12,556 shares during the period. Wasatch Advisors LP acquired a new stake in Horace Mann Educators in the second quarter worth approximately $72,363,000. Bank of America Corp DE bought a new position in Horace Mann Educators during the 2nd quarter valued at $29,287,000. Finally, Bank of New York Mellon Corp bought a new position in Horace Mann Educators during the 2nd quarter valued at $20,061,000. Institutional investors and hedge funds own 99.28% of the company's stock.
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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