Horace Mann Educators Co. (NYSE:HMN) SVP Kimberly A. Johnson Sells 5,000 Shares

Horace Mann Educators Co. (NYSE:HMN) SVP Kimberly A. Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the senior vice president now owns 21,674 shares of the company’s stock, valued at approximately $780,264. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Horace Mann Educators Price Performance

HMN opened at $36.53 on Thursday. The company has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $33.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a 52 week low of $27.81 and a 52 week high of $38.29. The firm has a market capitalization of $1.49 billion, a PE ratio of 33.82 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. The company had revenue of $402.90 million during the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. As a group, analysts anticipate that Horace Mann Educators Co. will post 3.15 earnings per share for the current year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.72%. Horace Mann Educators’s payout ratio is 125.93%.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Horace Mann Educators by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,076,433 shares of the insurance provider’s stock valued at $254,178,000 after purchasing an additional 40,134 shares during the period. Vanguard Group Inc. grew its stake in Horace Mann Educators by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,033,083 shares of the insurance provider’s stock valued at $177,618,000 after buying an additional 34,629 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Horace Mann Educators by 43.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,083,838 shares of the insurance provider’s stock valued at $119,983,000 after buying an additional 1,241,193 shares during the last quarter. Franklin Resources Inc. grew its stake in Horace Mann Educators by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock valued at $117,001,000 after buying an additional 303,501 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Horace Mann Educators by 11.9% in the 1st quarter. Bank of America Corp DE now owns 1,756,943 shares of the insurance provider’s stock valued at $58,822,000 after buying an additional 186,368 shares during the last quarter. 99.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $33.00 to $40.00 in a research report on Monday, January 29th.

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.