Horace Mann Educators Corp. Stock Rating Reaffirmed by Zacks (HMN)
Horace Mann Educators Corp. (NYSE:HMN)‘s stock had its “buy” rating reaffirmed by Zacks in a research note issued on Monday, Stock Ratings Network reports. They currently have a $30.80 target price on the stock. Zacks‘ price target would suggest a potential upside of 8.53% from the company’s current price.
Shares of Horace Mann Educators Corp. (NYSE:HMN) traded up 1.65% during mid-day trading on Monday, hitting $28.38. 316,940 shares of the company’s stock traded hands. Horace Mann Educators Corp. has a 52-week low of $17.44 and a 52-week high of $29.00. The stock’s 50-day moving average is $27.50 and its 200-day moving average is $24.95. The company has a market cap of $1.134 billion and a price-to-earnings ratio of 9.83.
Horace Mann Educators Corp. (NYSE:HMN) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.09. The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $249.50 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Horace Mann Educators Corp. will post $2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.20 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, September 13th.
In other Horace Mann Educators Corp. news, EVP Steve Cardinal sold 40,787 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $27.83, for a total value of $1,135,102.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Horace Mann Educators Corp. (NYSE:HMN) from $30.00 to $32.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
Horace Mann Educators Corporation (NYSE:HMN) is an insurance holding company.
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