Horace Mann Educators Co. (NYSE:HMN) Receives $38.67 Average Target Price from Analysts

Horace Mann Educators Co. (NYSE:HMN) has earned a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.67.

HMN has been the topic of several recent analyst reports. Piper Sandler decreased their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Keefe, Bruyette & Woods dropped their target price on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Finally, Raymond James started coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company.

Horace Mann Educators Trading Down 0.6 %

Shares of HMN stock opened at $35.54 on Wednesday. The stock’s fifty day moving average is $34.38 and its two-hundred day moving average is $34.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $1.46 billion, a P/E ratio of 22.78 and a beta of 0.28. Horace Mann Educators has a fifty-two week low of $28.49 and a fifty-two week high of $39.25.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business had revenue of $388.10 million for the quarter, compared to analyst estimates of $288.67 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Horace Mann Educators will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Monday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HMN. Hsbc Holdings PLC grew its holdings in Horace Mann Educators by 869.3% during the fourth quarter. Hsbc Holdings PLC now owns 81,527 shares of the insurance provider’s stock worth $2,664,000 after acquiring an additional 73,116 shares during the period. TFO Wealth Partners LLC grew its holdings in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 791 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Horace Mann Educators by 1.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock valued at $32,575,000 after purchasing an additional 17,620 shares during the last quarter. Bragg Financial Advisors Inc grew its holdings in Horace Mann Educators by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock valued at $15,420,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new stake in Horace Mann Educators in the first quarter valued at $266,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

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.