Insider Selling: Steve Cardinal Unloads 38,473 Shares of Horace Mann Educators Corp. Stock (HMN)
Horace Mann Educators Corp. (NYSE:HMN) CMO Steve Cardinal unloaded 38,473 shares of Horace Mann Educators Corp. stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $28.42, for a total value of $1,093,402.66. Following the completion of the transaction, the chief marketing officer now directly owns 64,718 shares in the company, valued at approximately $1,839,286. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Horace Mann Educators Corp. (NYSE:HMN) traded up 1.86% on Thursday, hitting $29.00. The stock had a trading volume of 142,564 shares. Horace Mann Educators Corp. has a 52-week low of $17.44 and a 52-week high of $29.13. The stock’s 50-day moving average is $27.6 and its 200-day moving average is $25.32. The company has a market cap of $1.159 billion and a price-to-earnings ratio of 10.02.
Horace Mann Educators Corp. (NYSE:HMN) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $249.50 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Horace Mann Educators Corp. will post $2.05 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HMN shares. Analysts at Zacks reiterated a “buy” rating on shares of Horace Mann Educators Corp. in a research note to investors on Monday, September 30th. They now have a $30.80 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Horace Mann Educators Corp. from $30.00 to $32.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock.
Horace Mann Educators Corporation (NYSE:HMN) is an insurance holding company.
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