Horace Mann Educators Co. (NYSE:HMN) Given Average Rating of "Moderate Buy" by Analysts

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.67.

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Raymond James initiated coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday.

Horace Mann Educators Trading Up 0.2 %

Shares of Horace Mann Educators stock traded up $0.10 on Thursday, reaching $40.93. 232,369 shares of the company were exchanged, compared to its average volume of 243,351. 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 fifty-two week low of $31.81 and a fifty-two week high of $43.26. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.31 and a beta of 0.27. The stock has a fifty day moving average price of $36.50 and a 200-day moving average price of $35.05.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its 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 company had revenue of $412.10 million during the quarter, compared to analysts' expectations of $293.87 million. During the same period last year, the company posted $0.44 earnings per share. The business's revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts expect that Horace Mann Educators will post 2.61 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.32%. Horace Mann Educators's dividend payout ratio is 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company's stock, valued at $10,910,538.12. The trade was a 12.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, 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. Insiders have sold 51,751 shares of company stock worth $1,946,895 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HMN. Bessemer Group Inc. increased its stake in shares of Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after purchasing an additional 483 shares during the period. Quarry LP increased its position in Horace Mann Educators by 1,798.0% in the 2nd 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. GAMMA Investing LLC lifted its holdings 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 buying an additional 540 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators in the second quarter valued at approximately $35,000. Finally, KBC Group NV grew its stake in shares of Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after acquiring an additional 628 shares during the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

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.