Piper Sandler Trims Horace Mann Educators (NYSE:HMN) Target Price to $35.00

Horace Mann Educators (NYSE:HMN) had its price objective cut by Piper Sandler from $37.00 to $35.00 in a research report report published on Friday, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities research analysts have also recently issued reports about the stock. JMP Securities restated a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. StockNews.com lowered Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $37.50.

Horace Mann Educators Stock Performance

HMN stock opened at $32.35 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 20.74 and a beta of 0.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $34.73 and a 200-day moving average price of $34.97. Horace Mann Educators has a 1-year low of $27.81 and a 1-year high of $39.25.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). The business had revenue of $386.00 million during the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. As a group, equities research analysts expect that Horace Mann Educators will post 2.95 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.20%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its position in shares of Horace Mann Educators by 14.4% during the 3rd quarter. HighTower Advisors LLC now owns 16,939 shares of the insurance provider’s stock worth $501,000 after buying an additional 2,126 shares in the last quarter. Deutsche Bank AG boosted its position in Horace Mann Educators by 17.4% in the third quarter. Deutsche Bank AG now owns 21,636 shares of the insurance provider’s stock worth $636,000 after purchasing an additional 3,214 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Horace Mann Educators by 17.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,355 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 1,404 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Horace Mann Educators during the 3rd quarter valued at $208,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Horace Mann Educators by 95.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider’s stock worth $5,456,000 after buying an additional 90,607 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

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.