Horace Mann Educators (NYSE:HMN) General Counsel Donald Carley Sells 3,551 Shares of Stock

Horace Mann Educators Corporation (NYSE:HMN) General Counsel Donald Carley sold 3,551 shares of the 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 sale, the general counsel directly owned 25,394 shares of the company’s stock, valued at $1,320,488. This represents a 12.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Horace Mann Educators Stock Up 1.3%

Shares of NYSE:HMN traded up $0.69 during midday trading on Tuesday, reaching $53.75. 288,543 shares of the company were exchanged, compared to its average volume of 268,001. Horace Mann Educators Corporation has a fifty-two week low of $41.29 and a fifty-two week high of $55.56. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $47.67 and a two-hundred day simple moving average of $47.10. The firm 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) last posted its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.10 by $0.96. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $320.00 million. Horace Mann Educators had a net margin of 10.16% and a return on equity of 16.07%. During the same period in the previous year, the firm posted $1.36 EPS. As a group, sell-side analysts forecast that Horace Mann Educators Corporation will post 5.85 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.7%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 33.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research lowered Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a research report on Thursday, August 13th. Weiss Ratings downgraded Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Buy” and a consensus target price of $59.00.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Horace Mann Educators during the second quarter worth $33,000. Nykredit A S acquired a new stake in Horace Mann Educators in the second quarter valued at $43,000. Integrated Wealth Concepts LLC bought a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC grew its position in shares of Horace Mann Educators by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 234 shares during the period. Finally, Freestone Grove Partners LP bought a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $74,000. 99.28% of the stock is owned by institutional investors.

About Horace Mann Educators

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.