Horace Mann Educators Co. (NYSE:HMN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Horace Mann Educators Co. (NYSE:HMN) have been given a consensus recommendation of “Moderate Buy” by the four analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.67.

HMN has been the topic of several research reports. Piper Sandler upped their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th.

Horace Mann Educators Price Performance

HMN opened at $41.46 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators has a 1-year low of $31.81 and a 1-year high of $43.26. The company has a 50-day moving average of $39.26 and a 200-day moving average of $35.85. The company has a market capitalization of $1.69 billion, a P/E ratio of 16.52 and a beta of 0.30.

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

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the transaction, the chief executive officer now directly owns 300,542 shares of the company’s stock, valued at approximately $12,613,747.74. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now directly owns 19,057 shares of the company’s stock, valued at $801,918.56. The trade was a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock worth $2,114,775 in the last 90 days. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Horace Mann Educators

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Horace Mann Educators by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock valued at $1,127,000 after acquiring an additional 1,478 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Horace Mann Educators by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after acquiring an additional 400 shares in the last quarter. Summit Securities Group LLC purchased a new position in Horace Mann Educators in the 2nd quarter worth about $35,000. Arjuna Capital increased its position in shares of Horace Mann Educators by 1.6% in the second quarter. Arjuna Capital now owns 78,465 shares of the insurance provider’s stock worth $2,560,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Horace Mann Educators during the second quarter valued at approximately $2,037,000. Institutional investors 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.