Horace Mann Educators (NYSE:HMN) Stock Price Expected to Rise, Piper Sandler Analyst Says

Horace Mann Educators (NYSE:HMN) had its price target lifted by equities research analysts at Piper Sandler from $42.00 to $44.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price target points to a potential upside of 8.09% from the company’s current price.

Separately, Keefe, Bruyette & Woods downgraded Horace Mann Educators from an “outperform” rating to a “market perform” rating and raised their price target for the company from $39.00 to $44.00 in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.33.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $40.71 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26. The business’s 50-day moving average price is $39.32 and its two-hundred day moving average price is $37.28. The company has a market capitalization of $1.66 billion, a P/E ratio of 16.22 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. Analysts anticipate that Horace Mann Educators will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the transaction, the director now owns 19,057 shares in the company, valued at $801,918.56. This represents a 22.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the sale, the chief executive officer now directly owns 294,324 shares in the company, valued at $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,451 shares of company stock valued at $820,099 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in Horace Mann Educators by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock valued at $851,000 after purchasing an additional 305 shares during the period. GAMMA Investing LLC boosted its position in shares of Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Horace Mann Educators by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 570 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Horace Mann Educators by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 581 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after buying an additional 620 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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.