Brokerages Set Horace Mann Educators Co. (NYSE:HMN) PT at $42.67

Shares of Horace Mann Educators Co. (NYSE:HMN) have earned an average recommendation of “Moderate Buy” from the four brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $42.67.

A number of research firms recently commented on HMN. Piper Sandler upped their price objective on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th.

Insiders Place Their Bets

In related news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This represents a 22.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the completion of the sale, the chief executive officer now owns 298,324 shares in the company, valued at $11,753,965.60. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,451 shares of company stock worth $670,619. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP increased its position in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after buying an additional 540 shares in the last quarter. KBC Group NV increased its holdings in Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the last quarter. Point72 DIFC Ltd raised its position in Horace Mann Educators by 22.2% during the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 829 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Horace Mann Educators in the third quarter valued at $209,000. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Stock Up 0.8 %

Shares of Horace Mann Educators stock opened at $38.97 on Tuesday. Horace Mann Educators has a 12 month low of $31.81 and a 12 month high of $43.26. The business has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $37.14. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.59 billion, a PE ratio of 15.53 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. Research analysts predict that Horace Mann Educators will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s payout ratio is presently 54.18%.

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.