Horace Mann Educators (NYSE:HMN) Price Target Raised to $45.00 at Keefe, Bruyette & Woods

Horace Mann Educators (NYSE:HMN) had its price target raised by Keefe, Bruyette & Woods from $44.00 to $45.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

HMN has been the subject of several other reports. Piper Sandler boosted their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

Horace Mann Educators Trading Up 1.8 %

Shares of HMN stock opened at $42.47 on Tuesday. The stock has a 50 day simple moving average of $39.35 and a 200 day simple moving average of $37.48. Horace Mann Educators has a 1 year low of $31.81 and a 1 year high of $43.26. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.73 billion, a P/E ratio of 17.12 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, research analysts predict that Horace Mann Educators will post 3.82 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.20%. Horace Mann Educators’s payout ratio is currently 54.84%.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the sale, the chief executive officer now directly owns 298,324 shares in the company, valued at approximately $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the transaction, the director now directly owns 16,352 shares of the company’s stock, valued at $627,262.72. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,817 shares of company stock valued at $583,020. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors have recently added to or reduced their stakes in HMN. Vanguard Group Inc. lifted its holdings in shares of Horace Mann Educators by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider’s stock worth $196,339,000 after purchasing an additional 32,586 shares during the period. Franklin Resources Inc. raised its position in Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after purchasing an additional 359,083 shares during the last quarter. State Street Corp lifted its holdings in Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after buying an additional 20,771 shares during the period. Geode Capital Management LLC grew its position in shares of Horace Mann Educators by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after buying an additional 22,358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Horace Mann Educators by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock valued at $22,239,000 after buying an additional 8,570 shares during the period. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Company Profile

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.