Horace Mann Educators (NYSE:HMN) Hits New 1-Year High - Here's Why

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) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $47.35 and last traded at $47.48, with a volume of 77170 shares traded. The stock had previously closed at $46.56.

Analysts Set New Price Targets

Several research firms have issued reports on HMN. Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. 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 research report on Thursday, July 3rd. 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. 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 report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Horace Mann Educators Stock Performance

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 firm's 50-day moving average price is $43.42 and its two-hundred day moving average price is $42.45. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.10 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued 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. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $425.35 million. During the same period in the previous year, the business earned $0.20 EPS. The firm's revenue was up 6.1% on a year-over-year basis. Sell-side analysts predict that Horace Mann Educators Corporation will post 3.87 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The company 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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 16th. Horace Mann Educators's dividend payout ratio (DPR) is currently 41.42%.

Insider Activity

In related news, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction dated 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 trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Donald M. Carley sold 3,500 shares of Horace Mann Educators stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.94, for a total transaction of $160,790.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock valued at $815,340 over the last three months. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Horace Mann Educators

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Horace Mann Educators by 222.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 627 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Horace Mann Educators in the second quarter worth about $47,000. Osaic Holdings Inc. raised its stake in shares of Horace Mann Educators by 181.5% in the second quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider's stock worth $57,000 after acquiring an additional 855 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after acquiring an additional 1,106 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Horace Mann Educators in the second quarter worth about $137,000. 99.28% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.