Horace Mann Educators (NYSE:HMN) Price Target Raised to $36.00 at Piper Sandler

Horace Mann Educators (NYSE:HMN) had its price objective increased by Piper Sandler from $34.00 to $36.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other brokerages have also commented on HMN. JMP Securities reissued a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Raymond James began coverage on Horace Mann Educators in a report on Tuesday, August 6th. They set a strong-buy rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an outperform rating for the company in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $39.00.

Horace Mann Educators Price Performance

Shares of HMN opened at $35.88 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 firm has a market cap of $1.47 billion, a PE ratio of 23.00 and a beta of 0.28. Horace Mann Educators has a twelve month low of $28.49 and a twelve month high of $39.25. The firm’s 50 day moving average price is $34.44 and its 200 day moving average price is $34.65.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $388.10 million during 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%. Horace Mann Educators’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. As a group, research analysts expect that Horace Mann Educators will post 2.56 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.79%. Horace Mann Educators’s payout ratio is 87.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Horace Mann Educators by 140.6% in the first quarter. BNP Paribas Financial Markets now owns 27,883 shares of the insurance provider’s stock worth $1,031,000 after acquiring an additional 16,292 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Horace Mann Educators by 270.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock worth $728,000 after purchasing an additional 16,278 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Horace Mann Educators during the 2nd quarter worth about $636,000. Cornercap Investment Counsel Inc. bought a new position in shares of Horace Mann Educators during the 2nd quarter worth about $508,000. Finally, Quantbot Technologies LP acquired a new position in shares of Horace Mann Educators during the first quarter valued at about $227,000. 99.28% of the stock is owned by institutional investors.

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.