Horace Mann Educators Co. (NYSE:HMN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Horace Mann Educators Co. (NYSE:HMN) have received a consensus rating of “Moderate Buy” from the four research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.67.

Several analysts have issued reports on HMN shares. 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 report on Tuesday, August 13th. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Raymond James initiated coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price on the stock. Finally, Piper Sandler cut their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, June 28th.

Hedge Funds Weigh In On Horace Mann Educators

Several large investors have recently made changes to their positions in HMN. TFO Wealth Partners LLC grew its position in Horace Mann Educators by 6,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 791 shares in the last quarter. Bessemer Group Inc. increased its stake in Horace Mann Educators by 228.9% during the 1st quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock worth $27,000 after buying an additional 483 shares during the period. Quarry LP lifted its holdings in Horace Mann Educators by 1,798.0% during the 2nd quarter. Quarry LP now owns 949 shares of the insurance provider’s stock worth $31,000 after buying an additional 899 shares in the last quarter. Summit Securities Group LLC purchased a new position in Horace Mann Educators in the 2nd quarter valued at approximately $35,000. Finally, nVerses Capital LLC acquired a new position in shares of Horace Mann Educators in the second quarter worth $59,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Trading Down 0.6 %

Shares of HMN stock opened at $35.53 on Wednesday. The stock’s fifty day moving average is $34.38 and its two-hundred day moving average is $34.64. The firm has a market capitalization of $1.46 billion, a P/E ratio of 22.78 and a beta of 0.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. 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 released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. Horace Mann Educators’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. 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. Shareholders of record on Monday, September 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

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.