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

Shares of Horace Mann Educators Corporation (NYSE:HMN) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $46.75.

Several equities research analysts have commented on the stock. BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the company an “outperform” rating in a report on Monday, July 28th. Wall Street Zen downgraded Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler lifted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $45.76, for a total transaction of $228,800.00. Following the sale, the chief executive officer directly owned 297,155 shares of the company’s stock, valued at $13,597,812.80. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Donald M. Carley sold 3,500 shares of Horace Mann Educators stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the completion of the transaction, the general counsel owned 22,092 shares of the company’s stock, valued at approximately $1,014,906.48. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,500 shares of company stock worth $815,340. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Horace Mann Educators in the 1st quarter valued at $693,000. Assenagon Asset Management S.A. purchased a new position in Horace Mann Educators during the first quarter valued at $275,000. Victory Capital Management Inc. lifted its holdings in Horace Mann Educators by 55.1% during the first quarter. Victory Capital Management Inc. now owns 33,644 shares of the insurance provider’s stock valued at $1,438,000 after purchasing an additional 11,954 shares in the last quarter. Jane Street Group LLC grew its position in shares of Horace Mann Educators by 41.4% in the fourth quarter. Jane Street Group LLC now owns 22,148 shares of the insurance provider’s stock valued at $869,000 after purchasing an additional 6,483 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 69.5% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 1,106 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Trading Up 0.2%

Shares of NYSE:HMN opened at $45.91 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators has a 52-week low of $34.19 and a 52-week high of $47.81. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 13.58 and a beta of 0.27. The business has a 50-day moving average price of $44.22 and a 200-day moving average price of $42.74.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. Horace Mann Educators’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Equities analysts predict that Horace Mann Educators will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators’s payout ratio is currently 41.42%.

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.