Horace Mann Educators Co. (NYSE:HMN) Receives Average Rating of “Moderate Buy” from Brokerages

Horace Mann Educators Co. (NYSE:HMN) has received a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat Ratings 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 1-year price target among brokerages that have issued a report on the stock in the last year is $42.67.

HMN has been the topic of several research reports. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler raised their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at approximately $10,910,538.12. This trade represents a 12.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of Horace Mann Educators 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 sale, the director now directly owns 19,057 shares in the company, valued at $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,568 shares of company stock valued at $2,380,435. 3.80% of the stock is owned by company insiders.

Institutional Trading of Horace Mann Educators

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Horace Mann Educators by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Horace Mann Educators by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock worth $82,653,000 after acquiring an additional 43,064 shares during the last quarter. State Street Corp increased its stake in Horace Mann Educators by 1.3% in the 3rd quarter. State Street Corp now owns 1,633,717 shares of the insurance provider’s stock worth $57,098,000 after acquiring an additional 20,771 shares during the last quarter. Earnest Partners LLC increased its stake in Horace Mann Educators by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock worth $46,519,000 after acquiring an additional 26,736 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Horace Mann Educators by 8.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after acquiring an additional 86,766 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Trading Down 0.8 %

Horace Mann Educators stock opened at $37.75 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 15.04 and a beta of 0.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The business’s fifty day moving average is $40.35 and its 200 day moving average is $36.57. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (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 analysts’ expectations 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 revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, sell-side analysts predict that Horace Mann Educators will post 2.58 EPS for the current year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 54.18%.

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.