Horace Mann Educators (NYSE:HMN) Given “Market Perform” Rating at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Horace Mann Educators (NYSE:HMN) in a research note released on Friday morning,Benzinga reports.

A number of other equities analysts have also recently commented on the stock. Piper Sandler boosted their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Horace Mann Educators currently has a consensus rating of “Hold” and an average target price of $43.33.

Horace Mann Educators Price Performance

NYSE:HMN opened at $41.14 on Friday. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The stock has a fifty day moving average of $39.31 and a 200 day moving average of $37.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.59 and a beta of 0.31.

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, beating the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, research analysts expect that Horace Mann Educators will post 3.82 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

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

Insider Transactions at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,817 shares of Horace Mann Educators stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now owns 16,352 shares in the company, valued at approximately $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total value of $157,600.00. Following the sale, the chief executive officer now owns 298,324 shares of the company’s stock, valued at $11,753,965.60. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,817 shares of company stock worth $583,020. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Amundi boosted its position in Horace Mann Educators by 184.5% during the 4th quarter. Amundi now owns 20,440 shares of the insurance provider’s stock valued at $772,000 after buying an additional 13,255 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of Horace Mann Educators during the fourth quarter valued at about $1,511,000. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Horace Mann Educators by 19.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 11,192 shares of the insurance provider’s stock worth $439,000 after purchasing an additional 1,840 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Horace Mann Educators in the fourth quarter worth about $1,121,000. Finally, Proficio Capital Partners LLC purchased a new position in Horace Mann Educators during the 4th quarter valued at about $428,000. 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.