Horace Mann Educators (NYSE:HMN) Upgraded at StockNews.com

StockNews.com upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a research report released on Thursday.

HMN has been the subject of several other reports. JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler upped their price target on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.67.

Horace Mann Educators Trading Up 0.1 %

NYSE:HMN opened at $41.98 on Thursday. The company has a market cap of $1.71 billion, a P/E ratio of 16.93 and a beta of 0.28. Horace Mann Educators has a twelve month low of $31.81 and a twelve month high of $43.69. The business has a 50 day moving average price of $41.31 and a two-hundred day moving average price of $40.38. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.19. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The business had revenue of $416.40 million during the quarter, compared to the consensus estimate of $421.40 million. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts expect that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.35 per share. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 3.33%. Horace Mann Educators’s dividend payout ratio (DPR) is currently 50.72%.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the sale, the chief executive officer now owns 320,451 shares of the company’s stock, valued at approximately $13,808,233.59. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 2,816 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.86, for a total transaction of $120,693.76. Following the transaction, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,816 shares of company stock worth $543,144 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HMN. Bank of Montreal Can boosted its stake in shares of Horace Mann Educators by 2.1% in the fourth quarter. Bank of Montreal Can now owns 13,269 shares of the insurance provider’s stock valued at $521,000 after buying an additional 272 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Horace Mann Educators by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock worth $851,000 after purchasing an additional 305 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Horace Mann Educators by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,478 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 325 shares during the period. Natixis Advisors LLC raised its stake in Horace Mann Educators by 1.7% in the first quarter. Natixis Advisors LLC now owns 22,275 shares of the insurance provider’s stock valued at $952,000 after purchasing an additional 370 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Horace Mann Educators by 1.3% during the first quarter. Nisa Investment Advisors LLC now owns 29,824 shares of the insurance provider’s stock worth $1,274,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds 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.