Horace Mann Educators Co. (NYSE:HMN) Receives $42.67 Average PT from Brokerages

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

HMN has been the topic of a number of analyst reports. Raymond James assumed coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Finally, Piper Sandler upped their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This represents a 12.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $42.08, for a total value of $237,078.72. Following the sale, 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 have sold a total of 51,751 shares of company stock valued at $1,946,895 over the last quarter. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares during the period. Quarry LP raised its holdings in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Horace Mann Educators in the second quarter valued at about $35,000. Finally, KBC Group NV boosted its holdings in Horace Mann Educators by 60.2% in the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Trading Down 1.7 %

NYSE HMN opened at $40.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 16.18 and a beta of 0.27. The firm has a 50 day simple moving average of $36.75 and a 200-day simple moving average of $35.06. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Horace Mann Educators will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is 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.