Horace Mann Educators (NYSE:HMN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Horace Mann Educators (NYSE:HMN – Get Rating) in a research note published on Thursday. The firm issued a hold rating on the insurance provider’s stock.

Separately, Piper Sandler reissued a neutral rating and set a $38.00 target price on shares of Horace Mann Educators in a research report on Wednesday, February 8th.

Horace Mann Educators Stock Performance

NYSE HMN opened at $32.63 on Thursday. Horace Mann Educators has a 52 week low of $32.21 and a 52 week high of $42.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $36.20 and a 200 day moving average price of $36.90.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 16th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, March 15th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.32. Horace Mann Educators’s payout ratio is currently -1,885.71%.

Insiders Place Their Bets

In other Horace Mann Educators news, EVP Matthew P. Sharpe sold 3,478 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $33.99, for a total transaction of $118,217.22. Following the sale, the executive vice president now owns 54,353 shares of the company’s stock, valued at approximately $1,847,458.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Matthew P. Sharpe sold 3,500 shares of the company’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $37.94, for a total value of $132,790.00. Following the sale, the executive vice president now directly owns 57,370 shares of the company’s stock, valued at approximately $2,176,617.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew P. Sharpe sold 3,478 shares of the company’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $33.99, for a total transaction of $118,217.22. Following the completion of the sale, the executive vice president now directly owns 54,353 shares in the company, valued at $1,847,458.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,538 shares of company stock valued at $271,968. Insiders own 3.20% of the company’s stock.

Institutional Trading of Horace Mann Educators

Several large investors have recently made changes to their positions in HMN. Assetmark Inc. boosted its holdings in shares of Horace Mann Educators by 29.8% in the 3rd quarter. Assetmark Inc. now owns 1,350 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 310 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Horace Mann Educators by 246.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,890 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 1,344 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of Horace Mann Educators in the 2nd quarter valued at $74,000. Point72 Hong Kong Ltd purchased a new stake in Horace Mann Educators during the second quarter worth $83,000. Finally, SG Americas Securities LLC purchased a new stake in Horace Mann Educators during the fourth quarter worth $118,000.

Horace Mann Educators Company Profile

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Horace Mann Educators Corp. is an insurance holding company, which engages in the provision of insurance and retirement solutions to educators and school employees. It operates through the following business segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. The Property and Casualty segment focuses on personal lines of automobile and property insurance products.