Piper Sandler Boosts Horace Mann Educators (NYSE:HMN) Price Target to $42.00

Horace Mann Educators (NYSE:HMN) had its price objective hoisted by investment analysts at Piper Sandler from $36.00 to $42.00 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 price target suggests a potential upside of 0.77% from the stock’s current price.

HMN has been the topic of a number of other research reports. Raymond James started coverage on Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Three research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $41.68 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators has a one year low of $31.53 and a one year high of $43.26. The company has a 50-day simple moving average of $35.94 and a 200-day simple moving average of $34.89. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.61 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a return on equity of 8.29% and a net margin of 6.55%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, analysts predict that Horace Mann Educators will post 2.63 EPS for the current year.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently modified their holdings of HMN. BNP Paribas Financial Markets grew its position in shares of Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 16,292 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of 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 buying an additional 464 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Horace Mann Educators in the 1st quarter worth $233,000. Quantbot Technologies LP purchased a new stake in Horace Mann Educators during the first quarter valued at about $227,000. Finally, Empowered Funds LLC raised its holdings in shares of Horace Mann Educators by 8.2% in the 1st quarter. Empowered Funds LLC now owns 115,672 shares of the insurance provider’s stock worth $4,279,000 after purchasing an additional 8,740 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.