Horace Mann Educators (NYSE:HMN) Price Target Raised to $45.00

Horace Mann Educators (NYSE:HMN) had its price objective raised by Keefe, Bruyette & Woods from $44.00 to $45.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on the company. Piper Sandler raised their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, February 7th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.67.

Horace Mann Educators Stock Up 1.6 %

HMN stock opened at $41.21 on Tuesday. Horace Mann Educators has a twelve month low of $31.81 and a twelve month high of $43.26. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $39.33 and its 200-day moving average is $37.53. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.62 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. Sell-side analysts expect that Horace Mann Educators will post 3.82 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, December 16th. Horace Mann Educators’s payout ratio is 54.84%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the sale, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares of the company’s stock, valued at $627,262.72. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,817 shares of company stock valued at $583,020. 3.80% of the stock is owned by insiders.

Institutional Trading of Horace Mann Educators

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Horace Mann Educators by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,004,806 shares of the insurance provider’s stock worth $196,339,000 after buying an additional 32,586 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Horace Mann Educators by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 3,463,931 shares of the insurance provider’s stock valued at $135,890,000 after purchasing an additional 521,437 shares in the last quarter. State Street Corp grew its position in shares of Horace Mann Educators by 1.3% in the third quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock valued at $57,098,000 after purchasing an additional 20,771 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Horace Mann Educators by 2.4% in the third quarter. Geode Capital Management LLC now owns 954,080 shares of the insurance provider’s stock valued at $33,351,000 after purchasing an additional 22,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Horace Mann Educators by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,880 shares of the insurance provider’s stock valued at $22,239,000 after purchasing an additional 8,570 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

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.