Horace Mann Educators Co. (NYSE:HMN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Horace Mann Educators Co. (NYSE:HMN) have been assigned a consensus rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.00.

HMN has been the subject of several research analyst reports. Raymond James began coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. Piper Sandler raised their price target on Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective 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.

Insider Transactions at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings 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 valued at $1,031,000 after buying an additional 16,292 shares during the period. Harbor Capital Advisors Inc. lifted its holdings 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 valued at $728,000 after acquiring an additional 16,278 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Horace Mann Educators during the 2nd quarter worth $636,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth $508,000. Finally, Quantbot Technologies LP purchased a new position in shares of Horace Mann Educators in the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Down 1.1 %

Horace Mann Educators stock opened at $37.13 on Friday. The stock’s fifty day moving average is $35.17 and its two-hundred day moving average is $34.65. The stock has a market cap of $1.51 billion, a PE ratio of 18.94 and a beta of 0.28. Horace Mann Educators has a 1-year low of $30.70 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.

Horace Mann Educators (NYSE:HMN) last posted 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. The firm had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, sell-side analysts expect that Horace Mann Educators will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.66%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 69.39%.

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.