Horace Mann Educators’ (HMN) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of Horace Mann Educators (NYSE:HMN) in a research report sent to investors on Friday,Benzinga reports.

HMN has been the subject of several other reports. Piper Sandler upped their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.33.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $41.14 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.68 billion, a PE ratio of 16.59 and a beta of 0.31. The stock’s fifty day simple moving average is $39.31 and its two-hundred day simple moving average is $37.33. Horace Mann Educators has a 1-year low of $31.81 and a 1-year high of $43.26.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. As a group, analysts forecast that Horace Mann Educators will post 3.82 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.31%. Horace Mann Educators’s dividend payout ratio is presently 54.84%.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now directly owns 298,324 shares in the company, valued at approximately $11,753,965.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total transaction of $108,060.12. Following the sale, the director now directly owns 16,352 shares in the company, valued at $627,262.72. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,451 shares of company stock valued at $820,099. 3.80% of the stock is owned by insiders.

Institutional Trading of Horace Mann Educators

A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of Horace Mann Educators by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock worth $851,000 after buying an additional 305 shares in the last quarter. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Horace Mann Educators by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after purchasing an additional 570 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after purchasing an additional 581 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 620 shares during the period. Hedge funds and other 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.