Horace Mann Educators (NYSE:HMN) PT Raised to $36.00

Horace Mann Educators (NYSE:HMN - Get Free Report) had its price objective increased by investment analysts at Piper Sandler from $34.00 to $36.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the insurance provider's stock. Piper Sandler's target price would suggest a potential upside of 1.38% from the company's current price.

Several other brokerages also recently commented on HMN. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Raymond James began coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price objective for the company. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Horace Mann Educators currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN traded up $0.50 during mid-day trading on Wednesday, reaching $35.51. 238,687 shares of the company traded hands, compared to its average volume of 240,122. The company's 50 day moving average price is $34.42 and its 200-day moving average price is $34.65. The firm has a market cap of $1.45 billion, a PE ratio of 22.76 and a beta of 0.28. Horace Mann Educators has a 52 week low of $28.49 and a 52 week high of $39.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, equities analysts expect that Horace Mann Educators will post 2.56 EPS for the current fiscal year.

Institutional Trading of Horace Mann Educators

A number of large investors have recently added to or reduced their stakes in HMN. BNP Paribas Financial Markets grew its stake in shares of Horace Mann Educators by 140.6% in the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider's stock worth $1,031,000 after buying an additional 16,292 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Horace Mann Educators by 270.1% in the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider's stock worth $728,000 after acquiring an additional 16,278 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Horace Mann Educators during the second quarter worth approximately $636,000. Cornercap Investment Counsel Inc. purchased a new stake in Horace Mann Educators during the second quarter valued at approximately $508,000. Finally, Quantbot Technologies LP bought a new stake in shares of Horace Mann Educators in the 1st quarter valued at approximately $227,000. Institutional investors 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.