Horace Mann Educators Co. (NYSE:HMN) Given Average Rating of “Moderate Buy” by Analysts

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

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

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 1.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 20,451 shares of company stock valued at $819,579 in the last three months. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMN. Hantz Financial Services Inc. boosted its stake in shares of Horace Mann Educators by 10.3% during the fourth quarter. Hantz Financial Services Inc. now owns 62,767 shares of the insurance provider’s stock valued at $2,462,000 after purchasing an additional 5,879 shares in the last quarter. KBC Group NV boosted its position in Horace Mann Educators by 42.3% during the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider’s stock valued at $93,000 after acquiring an additional 707 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Horace Mann Educators by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 50,407 shares of the insurance provider’s stock valued at $1,977,000 after acquiring an additional 2,064 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of Horace Mann Educators during the 4th quarter worth $216,000. Finally, Harbor Capital Advisors Inc. boosted its position in Horace Mann Educators by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after purchasing an additional 581 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Trading Up 2.2 %

HMN opened at $38.86 on Tuesday. The stock has a 50-day moving average of $39.70 and a 200 day moving average of $37.08. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators has a 12 month low of $31.81 and a 12 month high of $43.26. The firm has a market cap of $1.58 billion, a P/E ratio of 15.48 and a beta of 0.31.

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 analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts forecast that Horace Mann Educators will post 2.56 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.50%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

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.