Horace Mann Educators (NYSE:HMN) Hits New 52-Week High at $47.18
Horace Mann Educators Co. (NYSE:HMN) reached a new 52-week high on Wednesday . The company traded as high as $47.18 and last traded at $47.12, with a volume of 75383 shares trading hands. The stock had previously closed at $46.23.
HMN has been the topic of a number of research reports. TheStreet raised Horace Mann Educators from a “c+” rating to a “b” rating in a report on Friday, May 17th. Sandler O’Neill started coverage on Horace Mann Educators in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $46.00 target price for the company.
The company has a market cap of $1.88 billion, a PE ratio of 69.04 and a beta of 0.64. The stock’s 50 day moving average price is $43.57 and its 200-day moving average price is $40.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.07 and a current ratio of 0.07.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.287 per share. The ex-dividend date is Friday, September 13th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.44%. Horace Mann Educators’s payout ratio is currently 169.12%.
In other Horace Mann Educators news, VP Kimberly A. Johnson sold 1,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $44.32, for a total value of $66,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Stricker sold 3,843 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $44.20, for a total value of $169,860.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,000 shares of company stock worth $401,516. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in Horace Mann Educators during the 1st quarter valued at approximately $599,000. SG Americas Securities LLC increased its position in Horace Mann Educators by 65.5% in the first quarter. SG Americas Securities LLC now owns 26,914 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 10,655 shares during the last quarter. Geode Capital Management LLC increased its position in Horace Mann Educators by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 436,422 shares of the insurance provider’s stock worth $16,344,000 after purchasing an additional 36,558 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Horace Mann Educators during the second quarter valued at $439,000. Finally, Trillium Asset Management LLC lifted its position in Horace Mann Educators by 11.1% during the second quarter. Trillium Asset Management LLC now owns 43,323 shares of the insurance provider’s stock valued at $1,745,000 after purchasing an additional 4,342 shares during the last quarter.
About Horace Mann Educators (NYSE:HMN)
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. 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 fixed and variable annuities; and life insurance products.
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