Horace Mann Educators Corporation (NYSE:HMN) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Horace Mann Educators Corporation (NYSE:HMN – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $46.75.

HMN has been the subject of a number of recent research reports. Wall Street Zen raised shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st.

View Our Latest Report on Horace Mann Educators

Insider Activity

In other news, Director Beverley J. Mcclure sold 1,082 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $45.40, for a total value of $49,122.80. Following the transaction, the director directly owned 16,733 shares in the company, valued at $759,678.20. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark R. Desrochers sold 3,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $47.00, for a total value of $141,000.00. Following the completion of the transaction, the senior vice president directly owned 20,556 shares of the company’s stock, valued at approximately $966,132. This trade represents a 12.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,398 shares of company stock worth $697,298 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS raised its position in shares of Horace Mann Educators by 52.5% during the second quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the insurance provider’s stock valued at $1,036,000 after buying an additional 8,300 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Horace Mann Educators during the second quarter valued at $514,000. Prudential Financial Inc. increased its holdings in Horace Mann Educators by 76.7% in the 2nd quarter. Prudential Financial Inc. now owns 74,802 shares of the insurance provider’s stock valued at $3,214,000 after acquiring an additional 32,464 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Horace Mann Educators by 1.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock valued at $839,000 after acquiring an additional 372 shares during the last quarter. Finally, Meritage Portfolio Management bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at about $2,611,000. 99.28% of the stock is currently owned by institutional investors.

Horace Mann Educators Stock Down 0.9%

HMN opened at $42.51 on Monday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.76 and a beta of 0.07. The firm has a 50 day moving average price of $45.45 and a 200-day moving average price of $44.63. Horace Mann Educators has a twelve month low of $37.21 and a twelve month high of $48.33. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.58.

Horace Mann Educators (NYSE:HMN – Get Free Report) last issued its earnings results on Friday, November 7th. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.39. Horace Mann Educators had a net margin of 9.79% and a return on equity of 15.69%. The company had revenue of $438.50 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Horace Mann Educators will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. Horace Mann Educators’s dividend payout ratio is 35.44%.

Horace Mann Educators Company Profile

(Get Free Report)

Horace Mann Educators Corporation, based in Springfield, Illinois, specializes in insurance and retirement solutions tailored to educators and school employees across the United States. Founded in 1945, the company partners with public school districts to deliver property and casualty insurance products—including auto, home and liability coverage—through a network of dedicated local agents. Its targeted approach focuses on understanding the unique needs and schedules of teachers, administrators and other school staff, distinguishing its services within the broader insurance market.

In addition to property and casualty offerings, Horace Mann provides life and disability insurance, annuities and retirement plan products designed to help educators plan for financial security beyond their teaching careers.

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