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

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

A number of research firms recently weighed in on HMN. Keefe, Bruyette & Woods cut Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler increased their target price on Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th.

Horace Mann Educators Stock Performance

Shares of NYSE HMN remained flat at $38.82 during mid-day trading on Tuesday. The company had a trading volume of 172,848 shares, compared to its average volume of 156,426. The stock's fifty day moving average price is $39.70 and its 200 day moving average price is $37.08. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 15.47 and a beta of 0.31.

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 (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to analysts' expectations of $293.87 million. During the same period last year, the business posted $0.44 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts predict that Horace Mann Educators will post 2.56 EPS 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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Monday, December 16th. Horace Mann Educators's dividend payout ratio (DPR) is currently 54.18%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the transaction, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,451 shares of company stock worth $819,579 in the last quarter. Company insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock worth $104,194,000 after acquiring an additional 359,083 shares in the last quarter. Principal Financial Group Inc. raised its position in Horace Mann Educators by 10.6% in the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider's stock valued at $7,812,000 after purchasing an additional 21,430 shares in the last quarter. Barclays PLC raised its position in Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock valued at $2,446,000 after purchasing an additional 53,961 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Horace Mann Educators by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider's stock valued at $19,513,000 after buying an additional 6,254 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock worth $33,351,000 after buying an additional 22,358 shares during the period. Hedge funds and other institutional investors 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.