Horace Mann Educators Corporation (NYSE:HMN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Horace Mann Educators Corporation (NYSE:HMN) has received a consensus recommendation of "Moderate Buy" from analysts, with price targets averaging $46.75.
• Insider trading activity includes significant sales of shares by executives, with a total of 51,198 shares sold in the last quarter valued at over $2.2 million.
• The company reported quarterly earnings of $1.06 per share, exceeding analysts' expectations by $0.45, despite revenue falling short at $302.60 million compared to estimates.

Shares of Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.75.

HMN has been the subject of a number of recent research reports. BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an "outperform" rating in a report on Monday, July 28th. Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Piper Sandler raised their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, EVP Bret A. Conklin sold 4,760 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $42.90, for a total value of $204,204.00. Following the completion of the transaction, the executive vice president owned 58,587 shares of the company's stock, valued at $2,513,382.30. This trade represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.28, for a total transaction of $211,400.00. Following the completion of the transaction, the chief executive officer directly owned 302,155 shares of the company's stock, valued at $12,775,113.40. This represents a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,198 shares of company stock valued at $2,210,975 in the last quarter. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Horace Mann Educators

Several institutional investors have recently modified their holdings of the company. Captrust Financial Advisors lifted its position 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 acquiring an additional 229 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in 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 last quarter. Martingale Asset Management L P lifted its position in 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 last quarter. Natixis Advisors LLC lifted its position in 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 last quarter. Finally, Exchange Traded Concepts LLC lifted its position in 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 last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Trading Down 0.1%

HMN stock opened at $45.40 on Friday. The company's 50-day simple moving average is $42.43 and its 200-day simple moving average is $41.93. 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 $33.00 and a 52-week high of $45.68. The firm has a market cap of $1.85 billion, a P/E ratio of 13.43 and a beta of 0.27.

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

Horace Mann Educators announced that its board has authorized a stock buyback plan on Tuesday, May 13th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

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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