Analysts Set Horace Mann Educators Corporation (NYSE:HMN) Price Target at $46.75

Horace Mann Educators Corporation (NYSE:HMN) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $46.75.

HMN has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. Wall Street Zen cut shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th.

Horace Mann Educators Trading Down 0.0%

Shares of HMN stock opened at $45.61 on Wednesday. The business has a 50-day moving average price of $45.29 and a two-hundred day moving average price of $43.69. Horace Mann Educators has a 12-month low of $36.20 and a 12-month high of $48.33. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.86 billion, a P/E ratio of 13.49 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. The firm had revenue of $330.60 million for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%. Equities analysts anticipate that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.40 annualized dividend and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio is currently 35.44%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of Horace Mann Educators stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel directly owned 22,092 shares of the company’s stock, valued at $1,014,906.48. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $44.17, for a total value of $220,850.00. Following the sale, the chief executive officer directly owned 288,788 shares of the company’s stock, valued at approximately $12,755,765.96. This trade represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,500 shares of company stock worth $834,490. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Horace Mann Educators

A number of institutional investors have recently modified their holdings of HMN. Principal Financial Group Inc. increased its holdings in Horace Mann Educators by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 240,695 shares of the insurance provider’s stock valued at $10,285,000 after purchasing an additional 5,978 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Horace Mann Educators by 1.3% during the first quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider’s stock valued at $1,274,000 after buying an additional 380 shares during the period. Tectonic Advisors LLC purchased a new position in shares of Horace Mann Educators during the first quarter valued at approximately $1,122,000. Victory Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 11,954 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Horace Mann Educators in the first quarter worth $218,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.