Horace Mann Educators Co. (NYSE:HMN) CEO Marita Zuraitis sold 8,000 shares of Horace Mann Educators stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $46.03, for a total transaction of $368,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Horace Mann Educators stock opened at $46.60 on Friday. The company has a market capitalization of $1.91 billion, a PE ratio of 24.87 and a beta of 0.75. Horace Mann Educators Co. has a 1 year low of $33.85 and a 1 year high of $47.65. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $306.20 million during the quarter. Horace Mann Educators had a net margin of 14.89% and a return on equity of 5.90%. research analysts forecast that Horace Mann Educators Co. will post 1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, September 13th. Horace Mann Educators’s dividend payout ratio (DPR) is 65.52%.
Several institutional investors have recently added to or reduced their stakes in HMN. Ceredex Value Advisors LLC purchased a new stake in shares of Horace Mann Educators in the 1st quarter valued at approximately $38,355,000. BlackRock Inc. raised its stake in shares of Horace Mann Educators by 5.1% in the 2nd quarter. BlackRock Inc. now owns 5,638,204 shares of the insurance provider’s stock valued at $251,462,000 after acquiring an additional 273,649 shares during the period. BTIM Corp. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter valued at approximately $8,878,000. Heartland Advisors Inc. purchased a new stake in shares of Horace Mann Educators in the 1st quarter valued at approximately $4,843,000. Finally, Victory Capital Management Inc. raised its stake in shares of Horace Mann Educators by 5.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,076,299 shares of the insurance provider’s stock valued at $88,762,000 after acquiring an additional 102,153 shares during the period. 99.30% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, July 18th.
About Horace Mann Educators
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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