Horace Mann Educators Co. (NYSE:HMN) Receives $42.67 Average PT from Analysts

Shares of Horace Mann Educators Co. (NYSE:HMN) have received an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.67.

Several analysts have weighed in on the company. Raymond James began coverage on Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Piper Sandler raised their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. This represents a 22.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now owns 292,336 shares in the company, valued at $10,886,592.64. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,751 shares of company stock worth $1,946,895. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HMN. BNP Paribas Financial Markets increased its position in Horace Mann Educators by 140.6% during the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after purchasing an additional 16,292 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Horace Mann Educators by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock valued at $1,322,000 after buying an additional 464 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Horace Mann Educators during the 1st quarter worth $233,000. Quantbot Technologies LP purchased a new position in shares of Horace Mann Educators in the 1st quarter worth $227,000. Finally, SG Americas Securities LLC acquired a new position in Horace Mann Educators in the first quarter valued at $176,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $40.60 on Thursday. The firm’s fifty day simple moving average is $36.75 and its 200-day simple moving average is $35.06. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.65 billion, a PE ratio of 16.18 and a beta of 0.27. Horace Mann Educators has a fifty-two week low of $31.81 and a fifty-two week high of $43.26.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. Analysts expect that Horace Mann Educators will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

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.