Horace Mann Educators (NYSE:HMN) Share Price Passes Above 200 Day Moving Average of $34.24

Horace Mann Educators Co. (NYSE:HMN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.24 and traded as high as $36.79. Horace Mann Educators shares last traded at $36.75, with a volume of 147,938 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMN. Piper Sandler lowered their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 5th. StockNews.com downgraded shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $33.00 to $40.00 in a research note on Monday, January 29th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

Horace Mann Educators Trading Down 0.0 %

The company’s 50-day moving average is $35.83 and its 200-day moving average is $34.24. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.03 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million for the quarter, compared to analysts’ expectations of $394.40 million. Research analysts anticipate that Horace Mann Educators Co. will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at $11,265,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the transaction, the chief executive officer now directly owns 304,483 shares of the company’s stock, valued at approximately $11,265,871. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kimberly A. Johnson sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares in the company, valued at approximately $780,264. The disclosure for this sale can be found here. Insiders sold a total of 74,327 shares of company stock worth $2,728,271 in the last 90 days. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

Several hedge funds and other institutional investors have recently modified their holdings of HMN. SG Americas Securities LLC bought a new stake in Horace Mann Educators during the 3rd quarter worth $246,000. Exchange Traded Concepts LLC lifted its holdings in Horace Mann Educators by 18.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 46,809 shares of the insurance provider’s stock worth $1,375,000 after buying an additional 7,133 shares during the period. Ceredex Value Advisors LLC lifted its stake in shares of Horace Mann Educators by 16.5% in the 3rd quarter. Ceredex Value Advisors LLC now owns 477,600 shares of the insurance provider’s stock valued at $14,032,000 after purchasing an additional 67,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Horace Mann Educators by 27.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,376 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 2,203 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Horace Mann Educators by 14.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 167,488 shares of the insurance provider’s stock valued at $4,921,000 after purchasing an additional 21,263 shares during the period. Institutional investors own 99.28% of the company’s stock.

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.