Keefe, Bruyette & Woods Issues Positive Forecast for Horace Mann Educators (NYSE:HMN) Stock Price

Horace Mann Educators (NYSE:HMN - Get Free Report) had its price objective lifted by equities research analysts at Keefe, Bruyette & Woods from $44.00 to $45.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 9.67% from the company's current price.

Other research analysts have also issued research reports about the stock. Piper Sandler lifted their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.67.

Horace Mann Educators Stock Down 0.5 %

NYSE HMN traded down $0.22 during trading hours on Tuesday, reaching $41.03. 247,149 shares of the company traded hands, compared to its average volume of 161,875. 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 stock has a market capitalization of $1.67 billion, a PE ratio of 16.55 and a beta of 0.31. Horace Mann Educators has a 12 month low of $31.81 and a 12 month high of $43.26. The company has a 50 day moving average of $39.32 and a two-hundred day moving average of $37.58.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Horace Mann Educators will post 3.82 earnings per share for the current year.

Insider Buying and Selling at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 2,817 shares of the business's stock in a transaction on Monday, January 6th. The shares were 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 of the company's stock, valued at $627,262.72. The trade was a 14.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 298,324 shares of the company's stock, valued at approximately $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,817 shares of company stock worth $583,020. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Horace Mann Educators

Large investors have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in Horace Mann Educators by 2.1% in the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider's stock valued at $521,000 after purchasing an additional 272 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Horace Mann Educators by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider's stock valued at $851,000 after buying an additional 305 shares in the last quarter. Sit Investment Associates Inc. raised its position in Horace Mann Educators by 1.9% during the fourth quarter. Sit Investment Associates Inc. now owns 21,825 shares of the insurance provider's stock worth $856,000 after acquiring an additional 400 shares in the last quarter. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 540 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Horace Mann Educators by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider's stock valued at $1,029,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds 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.