Marita Zuraitis Sells 4,000 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the sale, the chief executive officer now directly owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marita Zuraitis also recently made the following trade(s):

• On Thursday, January 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00.
• On Monday, December 2nd, Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00.

Horace Mann Educators Stock Up 5.2 %

Shares of NYSE HMN opened at $40.84 on Friday. Horace Mann Educators Co. has a one year low of $31.81 and a one year high of $43.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s 50 day simple moving average is $39.32 and its two-hundred day simple moving average is $37.28. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.27 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. As a group, analysts expect that Horace Mann Educators Co. will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is 54.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HMN. Piper Sandler increased their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.67.

Institutional Trading of Horace Mann Educators

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC lifted its stake in Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 620 shares during the period. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares during the period. KBC Group NV lifted its position in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after buying an additional 628 shares during the period. Venturi Wealth Management LLC purchased a new position in Horace Mann Educators during the fourth quarter valued at $92,000. Finally, Captrust Financial Advisors purchased a new position in Horace Mann Educators during the third quarter valued at $209,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

About Horace Mann Educators

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.