Piper Sandler Increases Horace Mann Educators (NYSE:HMN) Price Target to $36.00

Horace Mann Educators (NYSE:HMN) had its price target upped by Piper Sandler from $34.00 to $36.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s target price points to a potential upside of 2.83% from the company’s previous close.

A number of other research firms have also recently weighed in on HMN. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. Keefe, Bruyette & Woods dropped their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, Raymond James initiated 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. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Horace Mann Educators Stock Performance

HMN stock opened at $35.01 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.43 billion, a PE ratio of 22.44 and a beta of 0.28. The business has a 50 day moving average of $34.40 and a 200-day moving average of $34.64. Horace Mann Educators has a 12-month low of $28.49 and a 12-month high of $39.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts expect that Horace Mann Educators will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 16,292 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Horace Mann Educators by 270.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after buying an additional 16,278 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Horace Mann Educators during the 2nd quarter valued at about $636,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of Horace Mann Educators in the second quarter worth about $508,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Horace Mann Educators in the first quarter worth about $227,000. 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.