Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 5,634 Shares

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now directly owns 19,057 shares in the company, valued at $801,918.56. The trade was a 22.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Horace Mann Educators Stock Up 0.2 %

Horace Mann Educators stock opened at $40.93 on Friday. The stock’s 50 day moving average price is $36.50 and its 200 day moving average price is $35.05. The company has a market cap of $1.67 billion, a PE ratio of 16.31 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators Co. has a 1-year low of $31.81 and a 1-year high of $43.26.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. On average, sell-side analysts predict that Horace Mann Educators Co. will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.32%. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Institutional Investors Weigh In On Horace Mann Educators

Several hedge funds have recently modified their holdings of HMN. BNP Paribas Financial Markets grew its holdings in Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 16,292 shares during the period. Texas Permanent School Fund Corp boosted its stake in Horace Mann Educators by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock valued at $1,322,000 after acquiring an additional 464 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Horace Mann Educators during the 1st quarter worth $233,000. Quantbot Technologies LP bought a new stake in shares of Horace Mann Educators in the 1st quarter worth about $227,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Horace Mann Educators in the 1st quarter valued at about $176,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMN has been the topic of several analyst reports. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Raymond James assumed coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective on the stock. Finally, Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $39.00 to $44.00 in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Company Profile

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.