Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.75.
A number of research firms have weighed in on HMN. 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. Piper Sandler lifted their price objective on Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an "outperform" rating in a research note on Monday, July 28th.
Check Out Our Latest Stock Analysis on HMN
Horace Mann Educators Stock Down 1.1%
Shares of Horace Mann Educators stock traded down $0.52 during trading hours on Tuesday, reaching $45.81. The company's stock had a trading volume of 687,256 shares, compared to its average volume of 203,305. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. The stock's fifty day simple moving average is $44.12 and its two-hundred day simple moving average is $42.70. Horace Mann Educators has a one year low of $34.19 and a one year high of $47.81. The company has a market capitalization of $1.86 billion, a P/E ratio of 13.55 and a beta of 0.27.
Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.45. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. During the same quarter last year, the company earned $0.20 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that Horace Mann Educators will post 3.87 earnings per share for the current year.
Horace Mann Educators Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 16th. Horace Mann Educators's dividend payout ratio is 41.42%.
Insider Activity at Horace Mann Educators
In related news, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $45.76, for a total value of $228,800.00. Following the completion of the sale, the chief executive officer owned 297,155 shares of the company's stock, valued at approximately $13,597,812.80. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Donald M. Carley sold 3,500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $45.94, for a total value of $160,790.00. Following the transaction, the general counsel owned 22,092 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 18,500 shares of company stock valued at $815,340. Company insiders own 4.00% of the company's stock.
Institutional Investors Weigh In On Horace Mann Educators
Several hedge funds have recently modified their holdings of HMN. Arrowstreet Capital Limited Partnership lifted its holdings in Horace Mann Educators by 43.0% in the 2nd 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 last quarter. American Century Companies Inc. lifted its position in shares of Horace Mann Educators by 33.1% in the second quarter. American Century Companies Inc. now owns 732,010 shares of the insurance provider's stock valued at $31,454,000 after buying an additional 181,872 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Horace Mann Educators by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 453,849 shares of the insurance provider's stock valued at $19,502,000 after acquiring an additional 2,048 shares during the period. Northern Trust Corp raised its position in Horace Mann Educators by 0.5% during the first quarter. Northern Trust Corp now owns 453,155 shares of the insurance provider's stock valued at $19,363,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Bragg Financial Advisors Inc raised its position in Horace Mann Educators by 13.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 450,709 shares of the insurance provider's stock worth $19,259,000 after purchasing an additional 54,208 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.
About Horace Mann Educators
(
Get Free Report)
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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