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

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

A number of research firms have commented on HMN. 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 report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $44.00 in a report on Tuesday, November 12th.

Horace Mann Educators Stock Up 0.2 %

HMN stock opened at $41.46 on Monday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 16.52 and a beta of 0.30. 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 50-day moving average of $39.26 and a two-hundred day moving average of $35.87.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Horace Mann Educators’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, analysts forecast that Horace Mann Educators will post 2.61 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.28%. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Insider Transactions at Horace Mann Educators

In other news, Director Beverley J. Mcclure sold 5,634 shares of the firm’s 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 completion of the sale, the director now owns 19,057 shares in the company, valued at $801,918.56. This trade represents a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the transaction, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at $10,886,592.64. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,751 shares of company stock worth $2,114,775 in the last 90 days. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares during the period. Quarry LP boosted its position in shares of Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $35,000. KBC Group NV boosted its position in shares of Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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.