Horace Mann Educators Co. (NYSE:HMN – Get Free Report) shares gapped down before the market opened on Friday after Keefe, Bruyette & Woods lowered their price target on the stock from $42.00 to $40.00. The stock had previously closed at $34.57, but opened at $32.64. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Horace Mann Educators shares last traded at $33.52, with a volume of 28,733 shares.
Several other equities analysts have also issued reports on HMN. Piper Sandler dropped their price target on Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Horace Mann Educators presently has a consensus rating of “Hold” and an average price target of $37.50.
Hedge Funds Weigh In On Horace Mann Educators
A number of institutional investors have recently modified their holdings of HMN. Franklin Resources Inc. increased its stake in Horace Mann Educators by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 3,578,005 shares of the insurance provider’s stock valued at $117,001,000 after purchasing an additional 303,501 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Horace Mann Educators by 1.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 996,165 shares of the insurance provider’s stock valued at $32,575,000 after buying an additional 17,620 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Horace Mann Educators by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,568 shares of the insurance provider’s stock worth $17,121,000 after acquiring an additional 20,706 shares in the last quarter. Bragg Financial Advisors Inc raised its holdings in shares of Horace Mann Educators by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 471,570 shares of the insurance provider’s stock worth $15,420,000 after acquiring an additional 1,424 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Horace Mann Educators by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 339,225 shares of the insurance provider’s stock valued at $12,548,000 after acquiring an additional 42,308 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.
Horace Mann Educators Price Performance
The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.87 and a beta of 0.28. The business has a 50 day simple moving average of $33.58 and a 200-day simple moving average of $35.04. 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:HMN – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. The company had revenue of $386.00 million for the quarter, compared to the consensus estimate of $398.35 million. Equities research analysts expect that Horace Mann Educators Co. will post 2.95 earnings per share for the current year.
Horace Mann Educators Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.99%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.
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.