Piper Sandler Issues Positive Forecast for Horace Mann Educators (NYSE:HMN) Stock Price

Horace Mann Educators (NYSE:HMN) had its price objective raised by Piper Sandler from $42.00 to $44.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Separately, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.33.

Horace Mann Educators Price Performance

NYSE:HMN opened at $41.14 on Friday. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.68 billion, a P/E ratio of 16.59 and a beta of 0.31. The business’s 50-day moving average price is $39.31 and its 200 day moving average price is $37.37.

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

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is 54.84%.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now directly owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,817 shares of company stock worth $583,020 over the last 90 days. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in shares of Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Horace Mann Educators by 129.0% in the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Bank of New York Mellon Corp increased its position in Horace Mann Educators by 13.1% in the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after purchasing an additional 54,398 shares during the last quarter. Barclays PLC raised its stake in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after purchasing an additional 53,961 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Horace Mann Educators during the 4th quarter valued at about $1,511,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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.