Horace Mann Educators’ (HMN) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market perform rating on shares of Horace Mann Educators (NYSE:HMN) in a research note issued to investors on Friday,Benzinga reports.

A number of other research analysts have also recently commented on the stock. Piper Sandler increased their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.33.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $41.14 on Friday. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.59 and a beta of 0.31. The company’s fifty day moving average price is $39.31 and its 200-day moving average price is $37.33.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, equities research analysts anticipate that Horace Mann Educators will post 3.82 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.84%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the transaction, the chief executive officer now owns 294,324 shares in the company, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,451 shares of company stock valued at $820,099 over the last three months. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

Several hedge funds have recently made changes to their positions in HMN. Franklin Resources Inc. lifted its stake in Horace Mann Educators by 13.9% in the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the period. State Street Corp lifted its position in shares of Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after purchasing an additional 20,771 shares during the period. Geode Capital Management LLC increased its position in shares of Horace Mann Educators by 2.4% during the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after buying an additional 22,358 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Horace Mann Educators by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock worth $22,239,000 after buying an additional 8,570 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Horace Mann Educators by 13.1% in the fourth quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after buying an additional 54,398 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

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.