Horace Mann Educators (NYSE:HMN) Hits New 1-Year High - What's Next?

Key Points

• Horace Mann Educators (NYSE:HMN) reached a **52-week high** of $47.48 during trading, reflecting a strong performance with a market capitalization of **$1.94 billion**.
• Analysts have mixed ratings on the stock, with one maintaining a **Strong Buy**, while the overall consensus is a **Moderate Buy** with a target price around **$46.75**.
• The company announced a quarterly dividend of **$0.35 per share**, which indicates an annualized yield of **2.9%** and will be paid to shareholders on **September 30**.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $47.35 and last traded at $47.48, with a volume of 77170 shares changing hands. The stock had previously closed at $46.56.

Analyst Upgrades and Downgrades

HMN has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. BMO Capital Markets set a $48.00 price objective on shares of Horace Mann Educators and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Piper Sandler boosted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Horace Mann Educators Stock Down 2.9%

The firm has a market capitalization of $1.86 billion, a PE ratio of 13.51 and a beta of 0.27. The firm's 50 day moving average price is $43.81 and its two-hundred day moving average price is $42.62. 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 (NYSE:HMN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.45. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, research analysts forecast that Horace Mann Educators Corporation will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.40 annualized dividend and a yield of 3.1%. Horace Mann Educators's dividend payout ratio is currently 41.42%.

Insider Buying and Selling at Horace Mann Educators

In related news, General Counsel Donald M. Carley sold 3,500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the sale, the general counsel directly owned 22,092 shares of the company's stock, valued at $1,014,906.48. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $45.76, for a total transaction of $228,800.00. Following the completion of the sale, the chief executive officer directly owned 297,155 shares in the company, valued at $13,597,812.80. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock worth $815,340 over the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Horace Mann Educators

Several institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its holdings in 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 valued at $31,495,000 after acquiring an additional 220,275 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Horace Mann Educators by 33.1% during the second quarter. American Century Companies Inc. now owns 732,010 shares of the insurance provider's stock worth $31,454,000 after purchasing an additional 181,872 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Horace Mann Educators by 0.5% during 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 purchasing an additional 2,048 shares during the period. Northern Trust Corp raised its holdings in shares of Horace Mann Educators by 0.5% during the first quarter. Northern Trust Corp now owns 453,155 shares of the insurance provider's stock worth $19,363,000 after purchasing an additional 2,247 shares during the period. Finally, Bragg Financial Advisors Inc raised its holdings in shares of Horace Mann Educators by 13.7% during the first 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 period. 99.28% of the stock is owned by institutional investors and hedge funds.

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.