Horace Mann Educators (NYSE:HMN) PT Lowered to $35.00 at Piper Sandler

Horace Mann Educators (NYSE:HMN - Free Report) had its price objective decreased by Piper Sandler from $37.00 to $35.00 in a research note released on Friday, Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider's stock.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. JMP Securities restated a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $37.50.

Horace Mann Educators Trading Down 1.5 %

Horace Mann Educators stock traded down $0.49 during mid-day trading on Friday, hitting $32.60. The stock had a trading volume of 529,318 shares, compared to its average volume of 231,040. The stock has a 50-day simple moving average of $34.89 and a two-hundred day simple moving average of $34.96. The stock has a market capitalization of $1.34 billion, a PE ratio of 20.90 and a beta of 0.28. Horace Mann Educators has a 12 month low of $27.81 and a 12 month high of $39.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). The firm had revenue of $386.00 million during the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. As a group, sell-side analysts forecast that Horace Mann Educators will post 3.03 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, June 13th. Horace Mann Educators's dividend payout ratio is currently 87.18%.

Institutional Investors Weigh In On Horace Mann Educators

Hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC raised its position in shares of Horace Mann Educators by 6,084.6% during the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider's stock worth $26,000 after purchasing an additional 791 shares during the period. Bessemer Group Inc. raised its position in shares of Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider's stock worth $27,000 after purchasing an additional 483 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Horace Mann Educators during the fourth quarter worth about $36,000. FinTrust Capital Advisors LLC raised its position in shares of Horace Mann Educators by 714.8% during the first quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider's stock worth $173,000 after purchasing an additional 4,103 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Horace Mann Educators during the first quarter worth about $176,000. Institutional investors and hedge funds 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.