Horace Mann Educators Corporation (NYSE:HMN) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Horace Mann Educators Corporation has received a consensus rating of “Moderate Buy”, with analysts setting an average price target of $46.75 for the stock.
• The company recently announced a quarterly dividend of $0.35 per share, representing an annualized dividend yield of 3.0%.
• In the last 90 days, insiders have sold a total of 18,500 shares of the company's stock, amounting to a value of $815,340.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $46.75.

A number of research firms have issued reports on HMN. BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the company an "outperform" rating in a research report on Monday, July 28th. 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, Piper Sandler boosted their price target on Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd.

Insider Activity

In related news, 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 value of $160,790.00. Following the transaction, the general counsel owned 22,092 shares in the company, valued at approximately $1,014,906.48. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $45.76, for a total value of $228,800.00. Following the completion of the transaction, the chief executive officer owned 297,155 shares in the company, valued at approximately $13,597,812.80. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock valued at $815,340 in the last ninety days. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of Horace Mann Educators by 43.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider's stock worth $31,495,000 after acquiring an additional 220,275 shares in the last quarter. American Century Companies Inc. lifted its stake 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 worth $31,454,000 after acquiring an additional 181,872 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Horace Mann Educators by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 453,849 shares of the insurance provider's stock worth $19,502,000 after acquiring an additional 2,048 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Horace Mann Educators by 0.5% in the first quarter. Northern Trust Corp now owns 453,155 shares of the insurance provider's stock worth $19,363,000 after acquiring an additional 2,247 shares in the last quarter. Finally, Bragg Financial Advisors Inc lifted its stake in shares of Horace Mann Educators by 13.7% in the first quarter. Bragg Financial Advisors Inc now owns 450,709 shares of the insurance provider's stock worth $19,259,000 after acquiring an additional 54,208 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company's stock.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $46.98 on Tuesday. The company has a market cap of $1.91 billion, a P/E ratio of 13.90 and a beta of 0.27. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.40. Horace Mann Educators has a 52 week low of $33.65 and a 52 week high of $47.81. The business has a fifty day simple moving average of $43.73 and a 200-day simple moving average of $42.60.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.45. Horace Mann Educators had a return on equity of 14.23% and a net margin of 8.49%.The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Horace Mann Educators will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Horace Mann Educators's dividend payout ratio is presently 41.42%.

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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