Horace Mann Educators Corporation (NYSE:HMN) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Horace Mann Educators Corporation (NYSE:HMN) has received an average rating of "Moderate Buy" from analysts, with a one-year price target set at $46.75.
• The company's quarterly dividend of $0.35 per share, reflecting an annualized yield of 3.2%, was paid to investors on September 30th.
• Recent insider transactions include CEO Marita Zuraitis selling 5,000 shares, reducing her ownership by 1.67%, with various institutional investors increasing their stakes in the company.

Shares of Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $46.75.

HMN has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Horace Mann Educators in a research report on Wednesday. Wall Street Zen downgraded Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price objective on Horace Mann Educators and gave the stock an "outperform" rating in a research report on Monday, July 28th.

Horace Mann Educators Stock Down 2.1%

NYSE HMN opened at $44.05 on Friday. Horace Mann Educators has a 52 week low of $34.84 and a 52 week high of $47.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. The business's fifty day simple moving average is $45.23 and its 200-day simple moving average is $43.05. The firm has a market cap of $1.79 billion, a PE ratio of 13.03 and a beta of 0.21.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The business had revenue of $330.60 million for the quarter. As a group, equities analysts anticipate that Horace Mann Educators will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Horace Mann Educators's dividend payout ratio (DPR) is presently 41.42%.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $44.81, for a total transaction of $224,050.00. Following the sale, the chief executive officer directly owned 293,788 shares in the company, valued at $13,164,640.28. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Donald M. Carley sold 3,500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $45.94, for a total transaction of $160,790.00. Following the sale, the general counsel owned 22,092 shares in the company, valued at $1,014,906.48. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock valued at $825,040 over the last three months. Corporate insiders own 4.00% of the company's stock.

Institutional Trading of Horace Mann Educators

A number of institutional investors and hedge funds have recently bought and sold shares of HMN. Hennessy Advisors Inc. purchased a new stake in Horace Mann Educators during the second quarter worth about $10,377,000. Arrowstreet Capital Limited Partnership increased its stake in Horace Mann Educators by 43.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider's stock worth $31,495,000 after purchasing an additional 220,275 shares during the period. American Century Companies Inc. increased its stake in Horace Mann Educators by 66.7% during the first quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider's stock worth $23,507,000 after purchasing an additional 220,174 shares during the period. Marshall Wace LLP purchased a new stake in Horace Mann Educators during the second quarter worth about $5,749,000. Finally, Nuveen LLC purchased a new stake in Horace Mann Educators during the first quarter worth about $5,089,000. 99.28% of the stock is currently 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.

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