Horace Mann Educators Co. (NYSE:HMN) Receives $42.67 Average PT from Analysts

Horace Mann Educators Co. (NYSE:HMN) has been assigned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $42.67.

HMN has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $39.00 to $44.00 in a report 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 company a “neutral” rating in a research report on Wednesday, November 6th.

Insider Activity

In other news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.40, for a total transaction of $157,600.00. Following the transaction, the chief executive officer now directly owns 298,324 shares of the company’s stock, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the sale, the director now directly owns 19,057 shares of the company’s stock, valued at $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,451 shares of company stock valued at $670,619. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Horace Mann Educators by 13.9% during the third quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock valued at $104,194,000 after buying an additional 359,083 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Horace Mann Educators by 129.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock valued at $10,176,000 after acquiring an additional 164,036 shares during the period. Bank of Montreal Can increased its holdings in shares of Horace Mann Educators by 476.8% in the 2nd quarter. Bank of Montreal Can now owns 77,527 shares of the insurance provider’s stock valued at $2,571,000 after acquiring an additional 64,087 shares during the period. Barclays PLC raised its position in shares of Horace Mann Educators by 336.2% in the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 53,961 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Horace Mann Educators by 61.0% during the 2nd quarter. AQR Capital Management LLC now owns 113,310 shares of the insurance provider’s stock worth $3,696,000 after purchasing an additional 42,924 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Trading Down 1.8 %

Horace Mann Educators stock opened at $37.95 on Tuesday. 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 capitalization of $1.55 billion, a price-to-earnings ratio of 15.12 and a beta of 0.31. The firm has a 50 day moving average of $39.47 and a 200 day moving average of $37.22.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The company had revenue of $412.10 million for the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the company earned $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, research analysts predict that Horace Mann Educators will post 2.56 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.58%. Horace Mann Educators’s dividend payout ratio is 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.