Horace Mann Educators (NYSE:HMN) Share Price Passes Above 200 Day Moving Average of $34.24

Horace Mann Educators Co. (NYSE:HMN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.24 and traded as high as $36.79. Horace Mann Educators shares last traded at $36.75, with a volume of 147,938 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on HMN shares. StockNews.com downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Piper Sandler dropped their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. TheStreet raised shares of Horace Mann Educators from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $40.00 in a research report on Monday, January 29th.

Horace Mann Educators Stock Down 0.0 %

The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.50 billion, a PE ratio of 34.03 and a beta of 0.28. The firm’s fifty day simple moving average is $35.83 and its 200-day simple moving average is $34.24.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. As a group, equities research analysts expect that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.34 per share. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.70%. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is presently 125.93%.

Insider Activity

In other news, CEO Marita Zuraitis sold 2,700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the sale, the senior vice president now directly owns 21,674 shares in the company, valued at $780,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the chief executive officer now owns 280,832 shares in the company, valued at $10,390,784. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,327 shares of company stock worth $2,728,271. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HMN. Assenagon Asset Management S.A. lifted its position in Horace Mann Educators by 3,398.6% in the first quarter. Assenagon Asset Management S.A. now owns 244,236 shares of the insurance provider’s stock valued at $9,034,000 after purchasing an additional 237,255 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new stake in shares of Horace Mann Educators in the first quarter worth $266,000. Bragg Financial Advisors Inc grew its stake in shares of Horace Mann Educators by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after acquiring an additional 1,424 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Horace Mann Educators by 1.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock valued at $32,575,000 after purchasing an additional 17,620 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Horace Mann Educators by 6,084.6% during the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 791 shares in the last quarter. 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.