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

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the four research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.67.

Several equities analysts have recently commented on HMN shares. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler increased their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th.

Horace Mann Educators Trading Up 0.8 %

Shares of HMN traded up $0.30 during mid-day trading on Friday, reaching $38.99. The company's stock had a trading volume of 175,000 shares, compared to its average volume of 153,250. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators has a 52 week low of $31.81 and a 52 week high of $43.26. The company's fifty day moving average price is $40.28 and its two-hundred day moving average price is $36.40. The stock has a market cap of $1.59 billion, a PE ratio of 15.53 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, analysts predict that Horace Mann Educators will post 2.58 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.49%. Horace Mann Educators's dividend payout ratio (DPR) is presently 54.18%.

Insiders Place Their Bets

In related news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction dated 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 trade represents a 12.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the sale, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,751 shares of company stock worth $2,114,775. Company insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Horace Mann Educators

Several large investors have recently made changes to their positions in HMN. Natixis Advisors LLC increased its position in Horace Mann Educators by 2.2% during the 2nd quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider's stock valued at $729,000 after buying an additional 473 shares in the last quarter. GAMMA Investing LLC raised its position 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 worth $32,000 after purchasing an additional 540 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Horace Mann Educators by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider's stock worth $1,029,000 after purchasing an additional 570 shares in the last quarter. KBC Group NV grew its position in Horace Mann Educators by 60.2% during 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 during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Horace Mann Educators by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the insurance provider's stock valued at $697,000 after purchasing an additional 710 shares in the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.