Horace Mann Educators Co. (NYSE:HMN) insider John P. Mccarthy sold 12,970 shares of Horace Mann Educators stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $44.61, for a total transaction of $578,591.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Horace Mann Educators traded down $0.10, hitting $44.60, during trading hours on Friday, MarketBeat.com reports. 136,046 shares of the company traded hands, compared to its average volume of 107,416. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.21. Horace Mann Educators Co. has a one year low of $33.85 and a one year high of $47.65. The stock has a market cap of $1.83 billion, a PE ratio of 25.63 and a beta of 0.91.
Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.12). Horace Mann Educators had a net margin of 14.77% and a return on equity of 5.53%. The company had revenue of $295.50 million for the quarter. sell-side analysts forecast that Horace Mann Educators Co. will post 2.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Thursday, June 14th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.56%. The ex-dividend date was Wednesday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 65.52%.
HMN has been the topic of several recent analyst reports. Zacks Investment Research cut Horace Mann Educators from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 21st. ValuEngine upgraded Horace Mann Educators from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.50.
A number of large investors have recently modified their holdings of HMN. Ceredex Value Advisors LLC bought a new position in Horace Mann Educators during the 1st quarter valued at $38,355,000. Millennium Management LLC raised its stake in shares of Horace Mann Educators by 188.8% during the 4th quarter. Millennium Management LLC now owns 607,893 shares of the insurance provider’s stock worth $26,808,000 after purchasing an additional 397,389 shares during the period. BlackRock Inc. raised its stake in shares of Horace Mann Educators by 4.1% during the 4th quarter. BlackRock Inc. now owns 5,348,030 shares of the insurance provider’s stock worth $235,848,000 after purchasing an additional 209,269 shares during the period. Franklin Resources Inc. raised its stake in shares of Horace Mann Educators by 14.6% during the 4th quarter. Franklin Resources Inc. now owns 1,618,700 shares of the insurance provider’s stock worth $71,385,000 after purchasing an additional 206,085 shares during the period. Finally, Channing Capital Management LLC raised its stake in shares of Horace Mann Educators by 12.9% during the 4th quarter. Channing Capital Management LLC now owns 1,377,548 shares of the insurance provider’s stock worth $60,750,000 after purchasing an additional 157,919 shares during the period. Institutional investors and hedge funds own 99.03% of the company’s stock.
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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