Horace Mann Educators (NYSE:HMN) Price Target Raised to $42.00

Horace Mann Educators (NYSE:HMN) had its target price boosted by Piper Sandler from $36.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider’s stock.

A number of other research analysts have also recently commented on HMN. Keefe, Bruyette & Woods cut their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Raymond James started coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Horace Mann Educators Stock Down 0.1 %

HMN traded down $0.06 during midday trading on Wednesday, hitting $42.58. 41,961 shares of the company’s stock traded hands, compared to its average volume of 239,366. Horace Mann Educators has a one year low of $31.53 and a one year high of $43.26. The stock’s fifty day simple moving average is $35.81 and its 200-day simple moving average is $34.84. The company has a market cap of $1.74 billion, a PE ratio of 16.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.29%. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. As a group, equities analysts anticipate that Horace Mann Educators will post 2.63 earnings per share for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s payout ratio is 54.18%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Institutional Trading of Horace Mann Educators

A number of institutional investors have recently made changes to their positions in HMN. Dimensional Fund Advisors LP increased its position in shares of Horace Mann Educators by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,533,774 shares of the insurance provider’s stock valued at $82,653,000 after acquiring an additional 43,064 shares during the last quarter. Earnest Partners LLC grew its stake in Horace Mann Educators by 1.9% in the second quarter. Earnest Partners LLC now owns 1,426,089 shares of the insurance provider’s stock valued at $46,519,000 after purchasing an additional 26,736 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Horace Mann Educators by 8.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,083,715 shares of the insurance provider’s stock worth $35,351,000 after purchasing an additional 86,766 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Horace Mann Educators by 14.2% during the 1st quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider’s stock worth $12,548,000 after purchasing an additional 42,308 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Horace Mann Educators by 129.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after purchasing an additional 164,036 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

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.