Horace Mann Educators (NYSE:HMN) Downgraded to Market Perform Rating by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators (NYSE:HMN - Free Report) from an outperform rating to a market perform rating in a research note published on Tuesday morning, MarketBeat.com reports. They currently have $44.00 price objective on the insurance provider's stock, up from their prior price objective of $39.00.

A number of other brokerages have also recently commented on HMN. 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 report on Wednesday, November 6th. Raymond James started coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.67.

Horace Mann Educators Trading Down 0.5 %

Horace Mann Educators stock traded down $0.23 during trading on Tuesday, reaching $42.08. 132,792 shares of the company were exchanged, compared to its average volume of 242,404. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The stock's 50 day simple moving average is $36.17 and its two-hundred day simple moving average is $34.93. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.08.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $293.87 million. During the same period in the prior year, the company posted $0.44 earnings per share. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Horace Mann Educators will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.23%. Horace Mann Educators's dividend payout ratio is presently 54.18%.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares of the company's stock, valued at $10,886,592.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company's stock.

Institutional Trading of Horace Mann Educators

A number of institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after acquiring an additional 483 shares in the last quarter. Quarry LP lifted 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 boosted its holdings in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock worth $32,000 after acquiring an additional 540 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Horace Mann Educators in the second quarter valued at about $35,000. Finally, KBC Group NV boosted its holdings in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider's stock worth $58,000 after purchasing an additional 628 shares during the last quarter. Institutional investors own 99.28% of the company's stock.

Horace Mann Educators Company Profile

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.