Horace Mann Educators Co. (NYSE:HMN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) has received a consensus rating of "Moderate Buy" from the four research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.00.

HMN has been the topic of several analyst reports. StockNews.com lowered Horace Mann Educators from a "buy" rating to a "hold" rating in a report on Tuesday, April 16th. Raymond James started coverage on Horace Mann Educators in a report on Tuesday. They issued a "strong-buy" rating and a $42.00 price objective for the company. JMP Securities restated a "market perform" rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Keefe, Bruyette & Woods dropped their price target on shares of Horace Mann Educators from $42.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, July 26th. Finally, Piper Sandler decreased their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, June 28th.

Get Our Latest Analysis on Horace Mann Educators

Institutional Trading of Horace Mann Educators

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of Horace Mann Educators during the fourth quarter worth approximately $863,000. Quest Partners LLC bought a new position in Horace Mann Educators during the 4th quarter worth $1,043,000. BNP Paribas Financial Markets raised its holdings in Horace Mann Educators by 140.6% in the 1st quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider's stock valued at $1,031,000 after acquiring an additional 16,292 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Horace Mann Educators by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider's stock valued at $17,121,000 after acquiring an additional 20,706 shares during the period. Finally, Natixis Advisors L.P. increased its position in shares of Horace Mann Educators by 5.5% in the fourth quarter. Natixis Advisors L.P. now owns 20,914 shares of the insurance provider's stock worth $683,000 after purchasing an additional 1,096 shares during the period. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Stock Up 1.2 %

NYSE:HMN traded up $0.39 during trading hours on Tuesday, reaching $33.15. 36,560 shares of the stock were exchanged, compared to its average volume of 229,537. The stock has a market cap of $1.36 billion, a PE ratio of 20.99 and a beta of 0.27. Horace Mann Educators has a twelve month low of $27.81 and a twelve month high of $39.25. The firm has a 50 day moving average of $33.57 and a 200 day moving average of $35.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. On average, equities analysts expect that Horace Mann Educators will post 2.5 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators's dividend payout ratio is presently 87.18%.

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.

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