Horace Mann Educators Co. (NYSE:HMN) Receives $39.00 Average Price Target from Brokerages

Shares of Horace Mann Educators Co. (NYSE:HMN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the four brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $39.00.

Several research firms have recently weighed in on HMN. Piper Sandler lifted their price objective on Horace Mann Educators from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Raymond James began coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Horace Mann Educators by 22.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 150,955 shares of the insurance provider's stock worth $5,276,000 after acquiring an additional 27,366 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Horace Mann Educators by 160.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 48,343 shares of the insurance provider's stock worth $1,690,000 after purchasing an additional 29,774 shares during the last quarter. Inspire Investing LLC increased its holdings in Horace Mann Educators by 9.0% during the 3rd quarter. Inspire Investing LLC now owns 11,673 shares of the insurance provider's stock worth $408,000 after purchasing an additional 968 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Horace Mann Educators by 142.1% in the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Horace Mann Educators during the 3rd quarter valued at approximately $335,000. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Trading Down 1.0 %

NYSE:HMN traded down $0.39 during trading hours on Friday, reaching $36.96. 176,866 shares of the company were exchanged, compared to its average volume of 238,522. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 23.69 and a beta of 0.28. The stock has a 50 day simple moving average of $34.84 and a 200 day simple moving average of $34.61. Horace Mann Educators has a 52-week low of $30.70 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 issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $388.10 million for the quarter, compared to analyst estimates of $288.67 million. During the same period last year, the company posted $0.03 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts predict that Horace Mann Educators will post 2.63 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.68%. The ex-dividend date was Monday, September 16th. Horace Mann Educators's dividend payout ratio (DPR) is 87.18%.

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.