Brokerages Set Horace Mann Educators Co. (NYSE:HMN) PT at $42.67

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the four research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $42.67.

HMN has been the subject of a number of analyst reports. Piper Sandler raised their price objective 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 cut shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th.

Horace Mann Educators Stock Performance

HMN stock traded up $0.34 during trading on Monday, reaching $41.90. 142,610 shares of the stock were exchanged, compared to its average volume of 240,016. The stock has a 50 day simple moving average of $38.64 and a 200-day simple moving average of $35.60. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.71 billion, a P/E ratio of 16.56 and a beta of 0.30. Horace Mann Educators has a twelve month low of $31.81 and a twelve month high of $43.26.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. Horace Mann Educators's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. As a group, sell-side analysts anticipate that Horace Mann Educators will post 2.61 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Monday, December 16th. Horace Mann Educators's dividend payout ratio is currently 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 5,634 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the transaction, the chief executive officer now owns 300,542 shares in the company, valued at approximately $12,613,747.74. This trade represents a 1.31 % 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 worth $2,114,775 over the last ninety days. Corporate insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Horace Mann Educators

Large investors have recently modified their holdings of the stock. Quarry LP increased its holdings in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 899 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after buying an additional 540 shares during the period. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators during the second quarter worth $35,000. KBC Group NV lifted its stake in shares of Horace Mann Educators by 60.2% during 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 during the period. Finally, nVerses Capital LLC bought a new position in Horace Mann Educators in the second quarter valued at about $59,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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.