Horace Mann Educators (NYSE:HMN) Hits New 12-Month High at $38.35

Shares of Horace Mann Educators Co. (NYSE:HMN) hit a new 52-week high during trading on Monday . The company traded as high as $38.35 and last traded at $38.24, with a volume of 66945 shares trading hands. The stock had previously closed at $37.52.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler dropped their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $33.00 to $40.00 in a research note on Monday, January 29th.

Horace Mann Educators Stock Up 1.0 %

The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 36.30 and a beta of 0.26. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $35.99 and its 200 day moving average is $34.61.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. The company had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. Analysts forecast that Horace Mann Educators Co. will post 3.15 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.34 dividend. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s payout ratio is presently 125.93%.

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the chief executive officer now owns 280,832 shares in the company, valued at approximately $10,390,784. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the chief executive officer now directly owns 280,832 shares of the company’s stock, valued at $10,390,784. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the senior vice president now owns 21,674 shares of the company’s stock, valued at approximately $780,264. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,229 shares of company stock worth $870,137. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its holdings in shares of Horace Mann Educators by 381.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 144,357 shares of the insurance provider’s stock worth $4,241,000 after acquiring an additional 114,380 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Horace Mann Educators by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 502,862 shares of the insurance provider’s stock valued at $14,774,000 after acquiring an additional 30,908 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in Horace Mann Educators during the third quarter valued at approximately $664,000. Envestnet Asset Management Inc. lifted its stake in Horace Mann Educators by 95.3% in the third quarter. Envestnet Asset Management Inc. now owns 185,712 shares of the insurance provider’s stock valued at $5,456,000 after acquiring an additional 90,607 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Horace Mann Educators by 19.3% during the 3rd quarter. GSA Capital Partners LLP now owns 39,624 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 6,399 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other 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.