Horace Mann Educators (NYSE:HMN) Sets New 52-Week High - Should You Buy?

Horace Mann Educators Co. (NYSE:HMN - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $39.48 and last traded at $38.62, with a volume of 5108 shares. The stock had previously closed at $37.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. Piper Sandler raised their target price on Horace Mann Educators from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Finally, Raymond James began coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a "strong-buy" rating and a $42.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Horace Mann Educators Trading Up 5.1 %

The firm has a market capitalization of $1.60 billion, a P/E ratio of 19.57 and a beta of 0.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50 day moving average price of $35.56 and a two-hundred day moving average price of $34.76.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. On average, equities research analysts expect that Horace Mann Educators Co. will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.46%. Horace Mann Educators's dividend payout ratio (DPR) is presently 69.39%.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company's stock, valued at approximately $10,910,538.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in 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 buying an additional 483 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 in the last quarter. Quarry LP increased its stake 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 worth $31,000 after purchasing an additional 899 shares during the period. Summit Securities Group LLC bought a new position in shares of Horace Mann Educators in the second quarter worth about $35,000. Finally, nVerses Capital LLC bought a new position in shares of Horace Mann Educators in the second quarter worth about $59,000. 99.28% of the stock is currently owned by institutional investors.

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.