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

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

Several brokerages recently issued reports on HMN. Raymond James began coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Piper Sandler cut their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th.

Check Out Our Latest Report on Horace Mann Educators

Horace Mann Educators Stock Performance

Shares of NYSE:HMN opened at $35.01 on Wednesday. The firm has a market cap of $1.43 billion, a PE ratio of 22.44 and a beta of 0.28. The firm’s 50 day simple moving average is $34.40 and its 200-day simple moving average is $34.64. Horace Mann Educators has a one year low of $28.49 and a one year high of $39.25. 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 (NYSE:HMNGet Free Report) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $388.10 million for the quarter, compared to analyst estimates of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. As a group, equities analysts predict that Horace Mann Educators will post 2.56 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

Hedge Funds Weigh In On Horace Mann Educators

Several institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in Horace Mann Educators by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 400 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Horace Mann Educators by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock worth $1,322,000 after purchasing an additional 464 shares during the last quarter. Natixis Advisors LLC grew its holdings in Horace Mann Educators by 2.2% in the second quarter. Natixis Advisors LLC now owns 22,333 shares of the insurance provider’s stock worth $729,000 after purchasing an additional 473 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Horace Mann Educators by 228.9% during the first quarter. Bessemer Group Inc. now owns 694 shares of the insurance provider’s stock valued at $27,000 after buying an additional 483 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Horace Mann Educators by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the insurance provider’s stock valued at $697,000 after buying an additional 710 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Company Profile

(Get Free Report

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.

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