Brokerages Set Horace Mann Educators Co. (NYSE:HMN) PT at $39.00

Shares of Horace Mann Educators Co. (NYSE:HMN) have been assigned an average rating of “Moderate Buy” from the four research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $39.00.

Several brokerages have issued reports on HMN. Raymond James began 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 for the company. Piper Sandler raised their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th.

Insider Transactions at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after buying an additional 16,292 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Horace Mann Educators by 270.1% in the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after buying an additional 16,278 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $636,000. Cornercap Investment Counsel Inc. acquired a new stake in Horace Mann Educators in the second quarter valued at approximately $508,000. Finally, Quantbot Technologies LP acquired a new stake in Horace Mann Educators in the first quarter valued at approximately $227,000. 99.28% of the stock is owned by institutional investors.

Horace Mann Educators Trading Up 1.5 %

Shares of NYSE:HMN opened at $37.56 on Friday. Horace Mann Educators has a 52-week low of $30.70 and a 52-week high of $39.25. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.08 and a beta of 0.28. The company has a 50-day simple moving average of $35.11 and a 200 day simple moving average of $34.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.24% and a return on equity of 7.44%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. Sell-side analysts forecast that Horace Mann Educators will post 2.63 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.62%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

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.