Key Points
- General Counsel Donald Carley sold 3,551 Horace Mann shares for $184,652 at an average price of $52. He retained 25,394 shares; the sale covered tax withholding on vested equity awards.
- Horace Mann reported quarterly EPS of $2.06, beating the $1.10 analyst consensus, and revenue of $439.2 million versus estimates of $320 million.
- Analysts’ consensus rating was Buy, with a $59 price target. The company’s annualized dividend was $1.44 per share, a yield of about 2.7%.
Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) General Counsel Donald Carley sold 3,551 shares of the company's stock in a transaction on Friday, November 6th. The stock was sold at an average price of $52.00, for a total transaction of $184,652.00. Following the completion of the transaction, the general counsel owned 25,394 shares of the company's stock, valued at $1,320,488. This trade represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Horace Mann Educators Price Performance
Shares of NYSE:HMN opened at $53.75 on Wednesday. The company's fifty day moving average is $47.73 and its 200 day moving average is $47.15. Horace Mann Educators Corporation has a 52 week low of $41.29 and a 52 week high of $55.56. The company has a quick ratio of 0.08, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.18 billion, a PE ratio of 12.53 and a beta of 0.09.
Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.96. Horace Mann Educators had a net margin of 10.16% and a return on equity of 16.07%. The business had revenue of $439.20 million for the quarter, compared to analyst estimates of $320.00 million. During the same quarter last year, the firm earned $1.36 EPS. Research analysts anticipate that Horace Mann Educators Corporation will post 5.85 earnings per share for the current year.
Horace Mann Educators Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.7%. Horace Mann Educators's payout ratio is 33.57%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on HMN shares. Zacks Research cut Horace Mann Educators from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Raymond James Financial reiterated a "strong-buy" rating and set a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Weiss Ratings cut shares of Horace Mann Educators from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Horace Mann Educators currently has a consensus rating of "Buy" and a consensus target price of $59.00.
View Our Latest Analysis on HMN
Institutional Trading of Horace Mann Educators
Several hedge funds have recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new stake in shares of Horace Mann Educators in the third quarter valued at approximately $7,971,000. Maryland State Retirement & Pension System grew its holdings in Horace Mann Educators by 52.5% during the third quarter. Maryland State Retirement & Pension System now owns 9,049 shares of the insurance provider's stock valued at $404,000 after purchasing an additional 3,115 shares during the period. Illinois Municipal Retirement Fund increased its holdings in shares of Horace Mann Educators by 5.6% in the third quarter. Illinois Municipal Retirement Fund now owns 21,263 shares of the insurance provider's stock worth $948,000 after acquiring an additional 1,124 shares in the last quarter. Keybank National Association OH lifted its stake in Horace Mann Educators by 4.3% in the third quarter. Keybank National Association OH now owns 5,634 shares of the insurance provider's stock valued at $251,000 after buying an additional 232 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Horace Mann Educators by 38.3% in the 3rd quarter. ProShare Advisors LLC now owns 197,164 shares of the insurance provider's stock valued at $8,794,000 after acquiring an additional 54,614 shares in the last quarter. Institutional investors own 99.28% of the company's stock.
About Horace Mann Educators
(
Get Free Report)
Horace Mann Educators Corporation is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators, the company develops products and services with the needs of education professionals in mind. Its offerings include auto, homeowners and life insurance, as well as retirement annuities and other financial products. The company also provides supplemental insurance and services intended to help educators manage student loan debt.
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