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

Horace Mann Educators (NYSE:HMN) had its price objective lifted by Piper Sandler from $36.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Several other equities analysts have also recently weighed in on the stock. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods cut their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Horace Mann Educators has an average rating of “Moderate Buy” and an average price target of $41.00.

Horace Mann Educators Trading Down 2.2 %

Shares of Horace Mann Educators stock opened at $40.79 on Wednesday. The stock has a market capitalization of $1.66 billion, a PE ratio of 16.25 and a beta of 0.27. Horace Mann Educators has a 52 week low of $31.53 and a 52 week high of $43.26. The stock has a 50 day moving average price of $36.04 and a two-hundred day moving average price of $34.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.08 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.14%. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same quarter last year, the firm posted $0.44 EPS. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. 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 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 issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in Horace Mann Educators by 228.9% in the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 483 shares during the last quarter. Quarry LP raised its holdings in shares of Horace Mann Educators by 1,798.0% in the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 899 shares during the period. GAMMA Investing LLC lifted its stake in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Summit Securities Group LLC bought a new position in Horace Mann Educators during the second quarter valued at $35,000. Finally, KBC Group NV increased its position in Horace Mann Educators by 60.2% in the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after buying an additional 628 shares during the last quarter. 99.28% of the stock is 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.