Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure Sells 2,817 Shares of Stock

Horace Mann Educators Co. (NYSE:HMN) Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the transaction, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $37.75 on Thursday. The firm has a 50-day moving average of $40.34 and a two-hundred day moving average of $36.56. 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 stock has a market cap of $1.54 billion, a P/E ratio of 15.04 and a beta of 0.31. 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 issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. Horace Mann Educators’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts expect that Horace Mann Educators Co. will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors have recently modified their holdings of the business. Natixis Advisors LLC boosted its stake in Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock valued at $729,000 after acquiring an additional 473 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Horace Mann Educators by 67.5% in the 2nd quarter. Victory Capital Management Inc. now owns 25,571 shares of the insurance provider’s stock worth $834,000 after purchasing an additional 10,302 shares during the last quarter. Quest Partners LLC boosted its position in Horace Mann Educators by 37.4% during the 2nd quarter. Quest Partners LLC now owns 5,919 shares of the insurance provider’s stock valued at $193,000 after purchasing an additional 1,611 shares during the period. Texas Permanent School Fund Corp grew its stake in Horace Mann Educators by 32.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 47,462 shares of the insurance provider’s stock worth $1,548,000 after buying an additional 11,722 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Horace Mann Educators by 5.1% in the second quarter. American Century Companies Inc. now owns 93,816 shares of the insurance provider’s stock worth $3,060,000 after buying an additional 4,543 shares during the period. 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.