Horace Mann Educators (NYSE:HMN) Price Target Cut to $35.00

Horace Mann Educators (NYSE:HMN) had its price objective cut by stock analysts at Piper Sandler from $37.00 to $35.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s target price suggests a potential upside of 7.30% from the stock’s current price.

A number of other analysts also recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. StockNews.com downgraded Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Horace Mann Educators currently has an average rating of “Hold” and a consensus price target of $37.50.

Horace Mann Educators Price Performance

Shares of HMN opened at $32.62 on Friday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 20.91 and a beta of 0.28. Horace Mann Educators has a 52 week low of $27.81 and a 52 week high of $39.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $34.81 and a 200-day moving average of $34.97.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). The company had revenue of $386.00 million during the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. As a group, analysts forecast that Horace Mann Educators will post 3.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HMN. Price T Rowe Associates Inc. MD grew its stake in Horace Mann Educators by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock valued at $1,127,000 after purchasing an additional 1,478 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Horace Mann Educators by 1,041.5% in the first quarter. EntryPoint Capital LLC now owns 8,310 shares of the insurance provider’s stock worth $307,000 after buying an additional 7,582 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Horace Mann Educators in the first quarter worth about $306,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Horace Mann Educators by 9.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 42,252 shares of the insurance provider’s stock worth $1,561,000 after buying an additional 3,796 shares during the last quarter. Finally, Arjuna Capital acquired a new stake in shares of Horace Mann Educators in the first quarter worth about $2,858,000. Hedge funds and other 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.