Horace Mann Educators Co. (NYSE:HMN) Receives $38.67 Average PT from Analysts

Horace Mann Educators Co. (NYSE:HMN) has been given a consensus rating of “Moderate Buy” by the four research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.67.

Several equities analysts have issued reports on HMN shares. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Keefe, Bruyette & Woods reduced their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Finally, Piper Sandler reduced their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, June 28th.

Horace Mann Educators Price Performance

HMN stock opened at $35.53 on Wednesday. The business has a 50 day moving average price of $34.38 and a 200 day moving average price of $34.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28. Horace Mann Educators has a fifty-two week low of $28.49 and a fifty-two week high of $39.25.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. Equities research analysts anticipate that Horace Mann Educators will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.34 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.83%. Horace Mann Educators’s dividend payout ratio (DPR) is 87.18%.

Hedge Funds Weigh In On Horace Mann Educators

Large investors have recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its holdings in shares of Horace Mann Educators by 6,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after buying an additional 791 shares during the period. Bessemer Group Inc. lifted its holdings in Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares during the period. Quarry LP lifted its holdings in Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 899 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Horace Mann Educators during the 2nd quarter worth $35,000. Finally, nVerses Capital LLC acquired a new position in shares of Horace Mann Educators during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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.