Horace Mann Educators (NYSE:HMN) PT Lowered to $39.00 at Piper Sandler

Horace Mann Educators (NYSE:HMN - Get Free Report) had its price objective cut by investment analysts at Piper Sandler from $40.00 to $39.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the insurance provider's stock. Piper Sandler's price target would suggest a potential upside of 8.77% from the company's current price.

Several other analysts have also commented on the company. TheStreet raised Horace Mann Educators from a "c" rating to a "b" rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods raised Horace Mann Educators from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $33.00 to $40.00 in a report on Monday, January 29th. Finally, StockNews.com raised Horace Mann Educators from a "hold" rating to a "buy" rating in a report on Friday, March 29th.

Horace Mann Educators Stock Down 0.8 %

Shares of Horace Mann Educators stock traded down $0.30 on Friday, reaching $35.86. The company's stock had a trading volume of 130,608 shares, compared to its average volume of 208,644. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.47 and a beta of 0.28. The firm's fifty day simple moving average is $36.18 and its two-hundred day simple moving average is $33.54. Horace Mann Educators has a 52 week low of $27.81 and a 52 week high of $38.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. The business had revenue of $402.90 million during the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Equities analysts anticipate that Horace Mann Educators will post 3.15 earnings per share for the current year.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.09, for a total transaction of $1,858,134.82. Following the transaction, the chief executive officer now directly owns 279,600 shares in the company, valued at $10,370,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Bret A. Conklin sold 9,689 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the transaction, the chief financial officer now directly owns 63,922 shares in the company, valued at $2,288,407.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 50,098 shares of the business's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the completion of the sale, the chief executive officer now owns 279,600 shares in the company, valued at $10,370,364. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,077 shares of company stock worth $2,682,021. Corporate insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of Horace Mann Educators by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider's stock worth $1,543,000 after buying an additional 375 shares in the last quarter. Putnam Investments LLC increased its stake in Horace Mann Educators by 0.3% during the fourth quarter. Putnam Investments LLC now owns 137,515 shares of the insurance provider's stock worth $5,139,000 after acquiring an additional 378 shares during the last quarter. Yousif Capital Management LLC increased its stake in Horace Mann Educators by 1.0% during the first quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider's stock worth $1,605,000 after acquiring an additional 389 shares during the last quarter. State of Wyoming increased its stake in Horace Mann Educators by 41.0% during the second quarter. State of Wyoming now owns 1,509 shares of the insurance provider's stock worth $45,000 after acquiring an additional 439 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Horace Mann Educators by 5.8% during the third quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider's stock worth $250,000 after acquiring an additional 464 shares during the last quarter. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

About Horace Mann Educators

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.