Horace Mann Educators (NYSE:HMN) Price Target Raised to $44.00 at Piper Sandler

Horace Mann Educators (NYSE:HMN - Free Report) had its target price lifted by Piper Sandler from $42.00 to $44.00 in a report released on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider's stock.

Separately, Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.67.

Horace Mann Educators Stock Up 2.1 %

Horace Mann Educators stock traded up $0.90 during trading hours on Friday, hitting $42.62. 94,524 shares of the stock traded hands, compared to its average volume of 178,066. The firm's 50-day moving average price is $39.32 and its two-hundred day moving average price is $37.42. 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 cap of $1.74 billion, a PE ratio of 17.18 and a beta of 0.31. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26.

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

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.34 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.36 annualized dividend and a yield of 3.19%. Horace Mann Educators's dividend payout ratio (DPR) is presently 54.84%.

Insider Activity

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business'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 completion of the transaction, the director now owns 16,352 shares in the company, valued at $627,262.72. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer now owns 298,324 shares of the company's stock, valued at $11,753,965.60. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,817 shares of company stock worth $583,020 over the last 90 days. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HMN. Franklin Resources Inc. increased its holdings in Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider's stock valued at $104,194,000 after buying an additional 359,083 shares during the last quarter. State Street Corp lifted its stake in shares of Horace Mann Educators by 1.3% during the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider's stock valued at $57,098,000 after buying an additional 20,771 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Horace Mann Educators by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider's stock valued at $33,351,000 after buying an additional 22,358 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Horace Mann Educators by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider's stock worth $22,239,000 after purchasing an additional 8,570 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Horace Mann Educators by 13.1% during the fourth quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider's stock worth $18,448,000 after purchasing an additional 54,398 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

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.