Horace Mann Educators Co. (NYSE:HMN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Horace Mann Educators Co. (NYSE:HMN) have been given an average rating of “Moderate Buy” by the four research firms that are covering the stock, MarketBeat.com 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 12 month price target among brokers that have issued ratings on the stock in the last year is $42.67.

Several brokerages have recently issued reports on HMN. Piper Sandler upped their price target on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Raymond James began coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $44.00 in a research note on Tuesday.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN opened at $40.82 on Thursday. The business’s fifty day moving average price is $36.39 and its two-hundred day moving average price is $35.00. Horace Mann Educators has a fifty-two week low of $31.81 and a fifty-two week high of $43.26. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.26 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, analysts predict that Horace Mann Educators will post 2.61 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.33%. Horace Mann Educators’s payout ratio is presently 54.18%.

Insider Buying and Selling

In related news, Director Beverley J. Mcclure sold 5,634 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the transaction, the chief executive officer now directly owns 292,336 shares in the company, valued at $10,886,592.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares of the company’s stock, valued at approximately $801,918.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,751 shares of company stock worth $1,946,895. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Horace Mann Educators by 49.7% during the 3rd quarter. FMR LLC now owns 8,525 shares of the insurance provider’s stock worth $298,000 after acquiring an additional 2,830 shares during the period. Quantbot Technologies LP bought a new position in shares of Horace Mann Educators during the 3rd quarter worth approximately $560,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Horace Mann Educators by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 558,310 shares of the insurance provider’s stock worth $19,513,000 after acquiring an additional 6,254 shares during the period. Intech Investment Management LLC lifted its holdings in Horace Mann Educators by 34.6% during the 3rd quarter. Intech Investment Management LLC now owns 22,748 shares of the insurance provider’s stock worth $795,000 after purchasing an additional 5,851 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Horace Mann Educators by 28.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,683 shares of the insurance provider’s stock worth $933,000 after purchasing an additional 5,953 shares during the last quarter. 99.28% of the stock is currently 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.