Horace Mann Educators (NYSE:HMN) Sets New 12-Month High - Here's Why

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.59 and last traded at $43.59, with a volume of 38816 shares changing hands. The stock had previously closed at $43.44.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HMN. Keefe, Bruyette & Woods raised their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th. Piper Sandler boosted 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, February 7th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Horace Mann Educators currently has a consensus rating of "Hold" and a consensus price target of $43.67.

Horace Mann Educators Stock Down 2.5 %

The firm's 50 day simple moving average is $41.13 and its 200-day simple moving average is $39.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 16.28 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. As a group, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current year.

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Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Horace Mann Educators's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. Horace Mann Educators's payout ratio is currently 56.45%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 2,816 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total value of $120,693.76. Following the sale, the director now directly owns 13,643 shares of the company's stock, valued at approximately $584,738.98. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,816 shares of company stock worth $485,624. Company insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HMN. Bank of Montreal Can raised its holdings in Horace Mann Educators by 2.1% during the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock worth $521,000 after purchasing an additional 272 shares during the last quarter. Victory Capital Management Inc. raised its position in Horace Mann Educators by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock worth $851,000 after acquiring an additional 305 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of Horace Mann Educators by 1.9% in the fourth quarter. Sit Investment Associates Inc. now owns 21,825 shares of the insurance provider's stock valued at $856,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider's stock worth $1,996,000 after purchasing an additional 581 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Horace Mann Educators by 389.9% in the 4th 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 in the last quarter. 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.