Horace Mann Educators (NYSE:HMN - Free Report) had its price target raised by Piper Sandler from $36.00 to $42.00 in a research note published on Wednesday, Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider's stock.
Other equities analysts have also recently issued research reports about the company. Raymond James started coverage on Horace Mann Educators in a report on Tuesday, August 6th. They issued a "strong-buy" rating and a $42.00 target price for the company. Keefe, Bruyette & Woods lowered their price objective on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.
Get Our Latest Analysis on Horace Mann Educators
Horace Mann Educators Stock Performance
Shares of NYSE:HMN traded up $3.37 during trading on Wednesday, reaching $42.64. 615,059 shares of the stock were exchanged, compared to its average volume of 240,284. The firm has a market cap of $1.74 billion, a PE ratio of 16.99 and a beta of 0.27. The stock has a 50-day moving average price of $35.66 and a 200-day moving average price of $34.78. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators has a 12 month low of $31.53 and a 12 month high of $43.26.
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 (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The business had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the business posted $0.44 EPS. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts expect that Horace Mann Educators will post 2.63 EPS for the current fiscal year.
Horace Mann Educators Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 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 (DPR) is presently 54.18%.
Insider Transactions at Horace Mann Educators
In related news, CEO Marita Zuraitis sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by corporate insiders.
Institutional Trading of Horace Mann Educators
Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 483 shares in the last quarter. Quarry LP boosted its position in Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider's stock worth $31,000 after purchasing an additional 899 shares during the last quarter. GAMMA Investing LLC grew its position in Horace Mann Educators by 142.1% during 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. Summit Securities Group LLC bought a new stake in shares of Horace Mann Educators in the second quarter valued at $35,000. Finally, KBC Group NV lifted its stake in shares of 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 buying an additional 628 shares in the last quarter. Institutional investors own 99.28% of the company's stock.
About Horace Mann Educators
(
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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.
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