Analysts Set Horace Mann Educators Co. (NYSE:HMN) Target Price at $42.67

Shares of Horace Mann Educators Co. (NYSE:HMN) have been assigned a consensus rating of “Moderate Buy” from the four analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $42.67.

A number of equities research analysts have recently commented on HMN shares. Keefe, Bruyette & Woods cut shares of Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their target price for the company from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler upped their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Raymond James started coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company.

Horace Mann Educators Price Performance

Shares of HMN opened at $41.30 on Thursday. Horace Mann Educators has a 1-year low of $31.81 and a 1-year high of $43.26. The stock has a market cap of $1.68 billion, a PE ratio of 16.45 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a fifty day moving average price of $36.62 and a 200 day moving average price of $35.06.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same period in the previous year, the company earned $0.44 earnings per share. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Horace Mann Educators will post 2.61 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.29%. Horace Mann Educators’s dividend payout ratio is currently 54.18%.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 12.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was 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. The trade was a 22.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,751 shares of company stock valued at $1,946,895 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares during the period. GAMMA Investing LLC grew its position in shares of 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. Quarry LP grew its position in shares of Horace Mann Educators by 1,798.0% in the second quarter. Quarry LP now owns 949 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 899 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Horace Mann Educators during the second quarter valued at approximately $35,000. Finally, KBC Group NV lifted its stake in shares of Horace Mann Educators by 60.2% during the third quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock valued at $58,000 after buying an additional 628 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.