Brokerages Set Horace Mann Educators Co. (NYSE:HMN) Price Target at $39.00

Horace Mann Educators Co. (NYSE:HMN) has been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $39.00.

A number of analysts have weighed in on HMN shares. Piper Sandler raised their price objective on shares of Horace Mann Educators from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Raymond James started coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th.

Horace Mann Educators Trading Down 0.8 %

NYSE HMN opened at $36.35 on Friday. Horace Mann Educators has a one year low of $30.70 and a one year high of $39.25. The firm has a 50 day simple moving average of $34.90 and a 200-day simple moving average of $34.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 23.30 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Horace Mann Educators will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.74%. Horace Mann Educators’s payout ratio is 87.18%.

Insider Activity

In other news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares of the company’s stock, valued at $10,910,538.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

Several institutional investors have recently bought and sold shares of HMN. Deprince Race & Zollo Inc. increased its stake in Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock valued at $35,351,000 after buying an additional 86,766 shares during the period. Arjuna Capital purchased a new stake in shares of Horace Mann Educators during the 1st quarter worth $2,858,000. Bank of Montreal Can boosted its position in shares of Horace Mann Educators by 476.8% during the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock worth $2,571,000 after purchasing an additional 64,087 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Horace Mann Educators during the 2nd quarter worth $2,037,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Horace Mann Educators by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after purchasing an additional 43,064 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

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.