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

Horace Mann Educators (NYSE:HMN) had its price objective reduced by Piper Sandler from $37.00 to $35.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Several other research firms have also recently weighed in on HMN. JMP Securities restated a market perform rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. StockNews.com cut Horace Mann Educators from a buy rating to a hold rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Horace Mann Educators has a consensus rating of Hold and an average price target of $37.50.

Horace Mann Educators Stock Down 1.5 %

Shares of NYSE:HMN opened at $32.60 on Friday. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25. The stock has a fifty day simple moving average of $34.81 and a two-hundred day simple moving average of $34.96. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.90 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. The business had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. On average, research analysts anticipate that Horace Mann Educators will post 3.03 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Institutional Trading of Horace Mann Educators

A number of hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in Horace Mann Educators by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock valued at $1,543,000 after acquiring an additional 375 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Horace Mann Educators by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock valued at $1,322,000 after purchasing an additional 464 shares during the period. Bessemer Group Inc. grew its holdings in Horace Mann Educators by 228.9% during the first 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% during the fourth quarter. Victory Capital Management Inc. now owns 9,474 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 544 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in 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 valued at $26,000 after purchasing an additional 791 shares during the period. Hedge funds and other institutional investors 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.