Horace Mann Educators’ (HMN) Market Perform Rating Reaffirmed at JMP Securities

Horace Mann Educators (NYSE:HMN)‘s stock had its “market perform” rating restated by investment analysts at JMP Securities in a report issued on Friday,Benzinga reports.

Other equities analysts also recently issued research reports about the company. Piper Sandler upped their target price on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Horace Mann Educators currently has an average rating of “Hold” and an average price target of $43.33.

Horace Mann Educators Price Performance

NYSE:HMN traded down $0.09 during mid-day trading on Friday, reaching $40.73. The stock had a trading volume of 89,831 shares, compared to its average volume of 165,165. The firm has a 50 day moving average price of $39.32 and a two-hundred day moving average price of $37.28. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.27 and a beta of 0.31. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. As a group, analysts expect that Horace Mann Educators will post 2.56 earnings per share for the current year.

Insider Activity

In related news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total transaction of $157,600.00. Following the completion of the sale, the chief executive officer now owns 298,324 shares in the company, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Beverley J. Mcclure sold 5,634 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $42.08, for a total value of $237,078.72. Following the transaction, the director now owns 19,057 shares of the company’s stock, valued at $801,918.56. This represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,451 shares of company stock valued at $820,099 over the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Horace Mann Educators

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Horace Mann Educators by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,942,494 shares of the insurance provider’s stock worth $104,194,000 after acquiring an additional 359,083 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Horace Mann Educators by 129.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,164 shares of the insurance provider’s stock worth $10,176,000 after acquiring an additional 164,036 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Horace Mann Educators by 13.1% during the 4th quarter. Bank of New York Mellon Corp now owns 470,255 shares of the insurance provider’s stock worth $18,448,000 after acquiring an additional 54,398 shares during the last quarter. Barclays PLC lifted its stake in shares of Horace Mann Educators by 336.2% during the 3rd quarter. Barclays PLC now owns 70,012 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 53,961 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of Horace Mann Educators during the 4th quarter worth approximately $1,511,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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.