Horace Mann Educators Corporation (NYSE:HMN) Receives $46.75 Consensus Target Price from Analysts

Horace Mann Educators Corporation (NYSE:HMN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $46.75.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st.

Insiders Place Their Bets

In related news, Director Henry Wade Reece sold 1,316 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $45.27, for a total transaction of $59,575.32. Following the transaction, the director owned 39,001 shares of the company’s stock, valued at $1,765,575.27. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark R. Desrochers sold 3,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $47.00, for a total value of $141,000.00. Following the completion of the transaction, the senior vice president owned 20,556 shares of the company’s stock, valued at $966,132. The trade was a 12.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 20,398 shares of company stock worth $921,348. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

A number of institutional investors and hedge funds have recently made changes to their positions in HMN. KLP Kapitalforvaltning AS lifted its stake in Horace Mann Educators by 52.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the insurance provider’s stock valued at $1,036,000 after buying an additional 8,300 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Horace Mann Educators in the second quarter valued at $514,000. Nuveen LLC acquired a new stake in shares of Horace Mann Educators during the first quarter valued at $5,089,000. XTX Topco Ltd purchased a new stake in Horace Mann Educators during the 1st quarter worth about $371,000. Finally, American Century Companies Inc. increased its position in Horace Mann Educators by 66.7% during the 1st quarter. American Century Companies Inc. now owns 550,138 shares of the insurance provider’s stock worth $23,507,000 after purchasing an additional 220,174 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Horace Mann Educators Stock Up 0.1%

HMN opened at $44.71 on Friday. Horace Mann Educators has a 52 week low of $36.20 and a 52 week high of $48.33. The business has a 50 day moving average price of $45.05 and a two-hundred day moving average price of $44.10. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.82 billion, a PE ratio of 11.32 and a beta of 0.08.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Horace Mann Educators had a return on equity of 15.69% and a net margin of 9.79%.The business had revenue of $330.60 million for the quarter. As a group, research analysts anticipate that Horace Mann Educators will post 3.87 EPS for the current year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.35 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 35.44%.

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.