Horace Mann Educators (NYSE:HMN) Hits New 52-Week High – Here’s Why

Horace Mann Educators Co. (NYSE:HMN) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $39.48 and last traded at $38.62, with a volume of 5108 shares traded. The stock had previously closed at $37.38.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Raymond James initiated coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Finally, Piper Sandler raised their target price on Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Horace Mann Educators Price Performance

The stock has a market capitalization of $1.59 billion, a P/E ratio of 19.57 and a beta of 0.27. The business has a fifty day simple moving average of $35.56 and a 200 day simple moving average of $34.76. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same period in the prior year, the firm posted $0.44 EPS. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that Horace Mann Educators Co. will post 2.63 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.49%. Horace Mann Educators’s payout ratio is presently 69.39%.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

A number of large investors have recently bought and sold shares of HMN. State of New Jersey Common Pension Fund D lifted its position in shares of Horace Mann Educators by 5.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock valued at $2,014,000 after buying an additional 2,895 shares during the last quarter. Summit Global Investments bought a new position in Horace Mann Educators during the third quarter worth about $674,000. Principal Financial Group Inc. boosted its position in Horace Mann Educators by 10.6% during the third quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after purchasing an additional 21,430 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Horace Mann Educators by 125.5% in the third quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 27,987 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Horace Mann Educators by 2.0% in the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after purchasing an additional 570 shares during the period. 99.28% of the stock is owned by hedge funds and other 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.