Horace Mann Educators (NYSE:HMN) Given New $42.00 Price Target at Piper Sandler

Horace Mann Educators (NYSE:HMN) had its price target lifted by equities researchers at Piper Sandler from $36.00 to $42.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 6.92% from the stock’s previous close.

HMN has been the topic of a number of other research reports. Raymond James began coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Horace Mann Educators currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Horace Mann Educators Stock Performance

Shares of HMN opened at $39.28 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 20.04 and a beta of 0.27. The company’s 50 day simple moving average is $35.66 and its 200 day simple moving average is $34.78. Horace Mann Educators has a 1 year low of $31.53 and a 1 year high of $39.48.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $412.10 million for the quarter, compared to the consensus estimate of $293.87 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 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, sell-side analysts predict that Horace Mann Educators will post 2.63 EPS for the current year.

Insider Transactions at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at $10,910,538.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in Horace Mann Educators by 140.6% during the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 16,292 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Horace Mann Educators by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,740 shares of the insurance provider’s stock valued at $1,322,000 after purchasing an additional 464 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Horace Mann Educators during the 1st quarter valued at $233,000. Quantbot Technologies LP acquired a new stake in Horace Mann Educators during the 1st quarter valued at $227,000. Finally, Empowered Funds LLC grew its holdings in Horace Mann Educators by 8.2% during the 1st quarter. Empowered Funds LLC now owns 115,672 shares of the insurance provider’s stock valued at $4,279,000 after purchasing an additional 8,740 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Company Profile

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.