Horace Mann Educators' (HMN) "Market Perform" Rating Reaffirmed at JMP Securities

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

HMN has been the topic of several other reports. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler upped their target price 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. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.67.

Horace Mann Educators Price Performance

HMN traded up $0.90 during midday trading on Friday, hitting $42.62. 105,496 shares of the company traded hands, compared to its average volume of 178,554. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 17.19 and a beta of 0.31. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The business has a 50 day simple moving average of $39.32 and a two-hundred day simple moving average of $37.42.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. On average, equities analysts forecast that Horace Mann Educators will post 3.82 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.19%. Horace Mann Educators's dividend payout ratio is presently 54.84%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the sale, the chief executive officer now directly owns 300,542 shares of the company's stock, valued at $12,613,747.74. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares in the company, valued at $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,817 shares of company stock worth $583,020. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in Horace Mann Educators by 389.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after buying an additional 620 shares during the period. GAMMA Investing LLC raised its holdings in Horace Mann Educators by 142.1% in the third 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. KBC Group NV raised its holdings in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock valued at $58,000 after buying an additional 628 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Horace Mann Educators during the fourth quarter valued at approximately $92,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Horace Mann Educators during the third quarter valued at approximately $209,000. 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.