Analysts Set Horace Mann Educators Co. (NYSE:HMN) PT at $42.67

Horace Mann Educators Co. (NYSE:HMN) has been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.67.

Several research analysts recently commented on HMN shares. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler boosted their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

Horace Mann Educators Trading Up 0.5 %

Shares of HMN opened at $41.56 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 fifty-two week low of $31.81 and a fifty-two week high of $43.26. The firm has a 50 day moving average price of $39.03 and a 200-day moving average price of $35.76. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 16.56 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, equities research analysts forecast that Horace Mann Educators will post 2.61 earnings per share for the current 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 given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 16th. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock worth $2,114,775 over the last three months. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after acquiring an additional 359,083 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Horace Mann Educators by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after purchasing an additional 43,064 shares during the last quarter. State Street Corp increased its position in Horace Mann Educators by 1.3% during the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after acquiring an additional 20,771 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Horace Mann Educators by 1.9% in the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after buying an additional 26,736 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after buying an additional 86,766 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.