Brokerages Set Horace Mann Educators Co. (NYSE:HMN) Target Price at $42.67

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

Several research firms recently issued reports on HMN. Piper Sandler boosted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $37.95 on Tuesday. The stock has a market cap of $1.55 billion, a PE ratio of 15.12 and a beta of 0.31. Horace Mann Educators has a 52-week low of $31.81 and a 52-week high of $43.26. The business has a 50-day simple moving average of $39.47 and a 200-day simple moving average of $37.22. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.42.

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, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to analyst estimates of $293.87 million. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts expect that Horace Mann Educators will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is presently 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the chief executive officer now directly owns 300,542 shares in the company, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,451 shares of company stock valued at $670,619 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

Large investors have recently made changes to their positions in the company. Quarry LP boosted its stake in 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 last quarter. GAMMA Investing LLC boosted its position in Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 540 shares during the last quarter. KBC Group NV grew its stake in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 628 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Horace Mann Educators in the 4th quarter valued at about $92,000. Finally, Point72 DIFC Ltd lifted its stake in Horace Mann Educators by 22.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 829 shares in the last quarter. 99.28% of the stock is currently 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.