Piper Sandler Boosts Horace Mann Educators (NYSE:HMN) Price Target to $36.00

Horace Mann Educators (NYSE:HMN) had its target price raised by analysts at Piper Sandler from $34.00 to $36.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s target price points to a potential upside of 2.83% from the company’s current price.

Other research analysts also recently issued research reports about the stock. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Raymond James initiated coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reduced their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

Horace Mann Educators Trading Up 0.2 %

HMN opened at $35.01 on Wednesday. Horace Mann Educators has a twelve month low of $28.49 and a twelve month high of $39.25. The company has a fifty day moving average of $34.40 and a 200-day moving average of $34.64. The stock has a market cap of $1.43 billion, a PE ratio of 22.44 and a beta of 0.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. On average, sell-side analysts predict that Horace Mann Educators will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors and hedge funds have recently made changes to their positions in the business. TFO Wealth Partners LLC increased its holdings in Horace Mann Educators by 6,084.6% during the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 791 shares in the last quarter. Bessemer Group Inc. grew its holdings in Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares in the last quarter. Quarry LP grew its holdings in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after buying an additional 899 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Horace Mann Educators in the 2nd quarter valued at $35,000. Finally, nVerses Capital LLC bought a new position in Horace Mann Educators during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

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.