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

Shares of Horace Mann Educators Co. (NYSE:HMN) have been given an average rating of “Moderate Buy” by the four analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $38.67.

HMN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of 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. 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 target for the company. Piper Sandler reduced their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th.

Institutional Trading of Horace Mann Educators

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC increased 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 buying an additional 791 shares during the last quarter. Bessemer Group Inc. increased 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 buying an additional 483 shares during the last quarter. Quarry LP increased its holdings in Horace Mann Educators by 1,798.0% during the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after buying an additional 899 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Horace Mann Educators during the second quarter valued at approximately $35,000. Finally, nVerses Capital LLC purchased a new stake in Horace Mann Educators during the second quarter valued at approximately $59,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Stock Down 1.0 %

NYSE:HMN opened at $35.05 on Wednesday. The firm has a market cap of $1.44 billion, a P/E ratio of 22.47 and a beta of 0.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators has a fifty-two week low of $28.49 and a fifty-two week high of $39.25. The firm has a 50-day simple moving average of $34.33 and a two-hundred day simple moving average of $34.63.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $388.10 million during the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. Horace Mann Educators’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. Analysts predict that Horace Mann Educators will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.88%. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

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.