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

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

Other analysts also recently issued research reports about the company. JMP Securities reissued a market perform rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. StockNews.com lowered Horace Mann Educators from a buy rating to a hold rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Horace Mann Educators presently has an average rating of Hold and an average price target of $37.50.

Horace Mann Educators Stock Down 0.8 %

Shares of Horace Mann Educators stock opened at $32.35 on Friday. Horace Mann Educators has a 1 year low of $27.81 and a 1 year 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. The company has a market capitalization of $1.33 billion, a P/E ratio of 20.74 and a beta of 0.28. The business has a 50-day moving average of $34.73 and a two-hundred day moving average of $34.97.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.17). The company had revenue of $386.00 million for the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. As a group, equities analysts predict that Horace Mann Educators will post 2.95 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.20%. Horace Mann Educators’s dividend payout ratio is 87.18%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in Horace Mann Educators by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after purchasing an additional 375 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in Horace Mann Educators by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock worth $1,322,000 after purchasing an additional 464 shares during the last quarter. Bessemer Group Inc. boosted its stake in Horace Mann Educators by 228.9% in the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 483 shares during the period. Victory Capital Management Inc. grew its holdings in Horace Mann Educators by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,474 shares of the insurance provider’s stock valued at $310,000 after buying an additional 544 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in Horace Mann Educators by 6,084.6% during the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after buying an additional 791 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.