Shares of Horace Mann Educators Co. (NYSE:HMN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the four ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.67.
A number of equities research analysts have recently issued reports on HMN shares. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $39.00 to $44.00 in a report on Tuesday, November 12th. Piper Sandler upped their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.
View Our Latest Stock Report on HMN
Horace Mann Educators Trading Up 0.8 %
Horace Mann Educators (NYSE:HMN – Get Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter last year, the company posted $0.44 EPS. Horace Mann Educators’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Horace Mann Educators will post 2.56 EPS for the current year.
Horace Mann Educators Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.49%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.
Insider Buying and Selling at Horace Mann Educators
In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the transaction, the chief executive officer now owns 300,542 shares in the company, valued at approximately $12,613,747.74. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares in the company, valued at $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,451 shares of company stock valued at $670,619 in the last three months. Corporate insiders own 3.80% of the company’s stock.
Institutional Trading of Horace Mann Educators
A number of hedge funds have recently made changes to their positions in HMN. GAMMA Investing LLC boosted its position in Horace Mann Educators by 142.1% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after buying an additional 540 shares during the period. Quarry LP increased its holdings in 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 period. KBC Group NV lifted its holdings in Horace Mann Educators by 60.2% during the 3rd 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 period. Point72 DIFC Ltd increased its stake in shares of Horace Mann Educators by 22.2% in the second quarter. Point72 DIFC Ltd now owns 4,568 shares of the insurance provider’s stock valued at $149,000 after buying an additional 829 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Horace Mann Educators in the fourth quarter worth approximately $216,000. 99.28% of the stock is owned by institutional investors and hedge funds.
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.
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