Horace Mann Educators Co. (NYSE:HMN) Receives $42.67 Average Target Price from Brokerages

Horace Mann Educators Co. (NYSE:HMN) has received a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the stock, MarketBeat.com reports. Three investment 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 objective among analysts that have issued ratings on the stock in the last year is $42.67.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $38.99 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 debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a fifty day moving average price of $40.31 and a two-hundred day moving average price of $36.49. The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.53 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. As a group, analysts anticipate that Horace Mann Educators will post 2.58 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. The trade was a 1.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the transaction, the director now directly owns 19,057 shares in the company, valued at $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,751 shares of company stock worth $2,114,775. Insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

Several institutional investors and hedge funds have recently made changes to their positions in HMN. Franklin Resources Inc. boosted its position in shares of Horace Mann Educators by 13.9% in 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. Assenagon Asset Management S.A. boosted its holdings in Horace Mann Educators by 129.0% during the third quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after buying an additional 164,036 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Horace Mann Educators by 8.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after buying an additional 86,766 shares during the period. Bank of Montreal Can increased its stake in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after acquiring an additional 64,087 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock valued at $2,446,000 after acquiring an additional 53,961 shares during the period. Institutional investors own 99.28% of the company’s stock.

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.