Horace Mann Educators Corporation (NYSE:HMN) Receives Average Recommendation of “Moderate Buy” from Analysts

Horace Mann Educators Corporation (NYSE:HMN) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $46.75.

A number of research firms recently weighed in on HMN. Weiss Ratings restated a “buy (b-)” rating on shares of Horace Mann Educators in a research note on Wednesday. Wall Street Zen lowered shares of Horace Mann Educators from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Piper Sandler increased their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd.

Horace Mann Educators Stock Down 2.1%

HMN stock opened at $44.05 on Friday. The company’s 50 day moving average price is $45.23 and its 200 day moving average price is $43.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators has a fifty-two week low of $34.84 and a fifty-two week high of $47.81. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.03 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share for the quarter. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $330.60 million for the quarter. On average, equities research analysts anticipate that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 41.42%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.28, for a total value of $211,400.00. Following the transaction, the chief executive officer directly owned 302,155 shares in the company, valued at $12,775,113.40. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total transaction of $160,790.00. Following the completion of the transaction, the general counsel owned 22,092 shares in the company, valued at $1,014,906.48. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock worth $825,040 over the last quarter. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Horace Mann Educators

Several hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its stake in Horace Mann Educators by 3.6% in the second quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 229 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Horace Mann Educators by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock valued at $362,000 after acquiring an additional 325 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Horace Mann Educators by 0.7% in the first quarter. Martingale Asset Management L P now owns 48,332 shares of the insurance provider’s stock valued at $2,065,000 after acquiring an additional 340 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Horace Mann Educators by 1.7% in the first quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider’s stock valued at $952,000 after acquiring an additional 370 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Horace Mann Educators by 1.9% in the second quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock valued at $839,000 after acquiring an additional 372 shares during the period. 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.