Keefe, Bruyette & Woods Raises Horace Mann Educators (NYSE:HMN) Price Target to $45.00

Horace Mann Educators (NYSE:HMN) had its price target boosted by research analysts at Keefe, Bruyette & Woods from $44.00 to $45.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.31% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Friday. Piper Sandler lifted their price target on Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $43.67.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.61 during mid-day trading on Tuesday, hitting $42.33. The stock had a trading volume of 58,047 shares, compared to its average volume of 176,947. The firm’s 50 day moving average is $39.32 and its 200 day moving average is $37.42. Horace Mann Educators has a twelve month low of $31.81 and a twelve month 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 stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.08 and a beta of 0.31.

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

Insider Transactions at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the sale, the chief executive officer now owns 294,324 shares in the company, valued at $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,817 shares of company stock valued at $583,020 over the last three months. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Smartleaf Asset Management LLC boosted its stake in Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. KBC Group NV boosted its stake in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 628 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Horace Mann Educators during the 4th quarter worth $92,000. Finally, Captrust Financial Advisors bought a new stake in shares of Horace Mann Educators during the 3rd quarter worth $209,000. 99.28% of the stock is owned by 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.