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

Shares of Horace Mann Educators Co. (NYSE:HMN) have received a consensus recommendation of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.67.

Several equities research analysts recently weighed in on HMN shares. Piper Sandler raised their price target 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. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th.

Insider Activity

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

Institutional Trading of Horace Mann Educators

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HMN. Franklin Resources Inc. boosted its stake in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 valued at $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Horace Mann Educators by 8.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after purchasing an additional 86,766 shares during the period. Bank of Montreal Can increased its position in Horace Mann Educators by 476.8% in the second quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after buying an additional 64,087 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Horace Mann Educators in the second quarter worth about $2,037,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Trading Down 0.0 %

Horace Mann Educators stock opened at $41.56 on Monday. Horace Mann Educators has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.56 and a beta of 0.30. The business’s fifty day simple moving average is $38.64 and its two-hundred day simple moving average is $35.60. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42.

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, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, equities analysts predict that Horace Mann Educators will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

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.