Horace Mann Educators Co. (NYSE:HMN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Horace Mann Educators Co. (NYSE:HMN) has been given an average rating of “Moderate Buy” by the four ratings 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 target price among brokerages that have covered the stock in the last year is $42.67.

HMN has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th.

Insider Buying and Selling at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction 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. This represents a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 55,751 shares of company stock valued at $2,114,775 over the last quarter. 3.80% of the stock is owned by company insiders.

Institutional Trading of Horace Mann Educators

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Horace Mann Educators by 142.1% during 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 during the period. Quarry LP increased its stake in shares of 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 buying an additional 899 shares during the period. KBC Group NV raised its holdings in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares in the last quarter. nVerses Capital LLC purchased a new position in Horace Mann Educators in the second quarter worth approximately $59,000. Finally, Point72 DIFC Ltd grew its holdings in Horace Mann Educators by 22.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 829 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock opened at $38.69 on Friday. The business’s 50 day moving average price is $40.28 and its 200 day moving average price is $36.40. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 15.41 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. 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 announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts predict that Horace Mann Educators will post 2.58 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.52%. Horace Mann Educators’s payout ratio is currently 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.