Horace Mann Educators Corp. Receives New Coverage from Analysts at Macquarie (HMN)
Research analysts at Macquarie started coverage on shares of Horace Mann Educators Corp. (NYSE:HMN) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $33.00 price target on the stock. Macquarie’s price target would suggest a potential upside of 5.40% from the company’s current price.
In other Horace Mann Educators Corp. news, SVP Bret A. Conklin sold 4,564 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $31.17, for a total transaction of $142,259.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Horace Mann Educators Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $33.10 price target on the stock.
Shares of Horace Mann Educators Corp. (NYSE:HMN) opened at 31.233 on Friday. Horace Mann Educators Corp. has a one year low of $24.04 and a one year high of $31.87. The stock has a 50-day moving average of $29.8 and a 200-day moving average of $29.39. The company has a market cap of $1.272 billion and a price-to-earnings ratio of 11.73.
Horace Mann Educators Corp. (NYSE:HMN) last released its earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.14. The company had revenue of $251.20 million for the quarter, compared to the consensus estimate of $255.40 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts predict that Horace Mann Educators Corp. will post $2.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 11th.
Horace Mann Educators Corporation (NYSE:HMN) is an insurance holding company.
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