Keefe, Bruyette & Woods Raises Horace Mann Educators (NYSE:HMN) Price Target to $45.00

Horace Mann Educators (NYSE:HMN) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $44.00 to $45.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 6.31% from the stock’s previous close.

A number of other research firms also recently commented on HMN. Piper Sandler increased their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a research report on Friday. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Hold” and a consensus target price of $43.67.

Horace Mann Educators Price Performance

Shares of NYSE:HMN traded up $0.61 during trading on Tuesday, reaching $42.33. The stock had a trading volume of 58,047 shares, compared to its average volume of 176,947. Horace Mann Educators has a 52 week low of $31.81 and a 52 week high of $43.26. The business’s 50-day moving average price is $39.32 and its 200 day moving average price is $37.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09. The stock has a market capitalization of $1.73 billion, a PE ratio of 17.08 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. As a group, equities analysts predict that Horace Mann Educators will post 3.82 earnings per share for the current year.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now directly owns 16,352 shares of the company’s stock, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the chief executive officer now directly owns 300,542 shares of the company’s stock, valued at $12,613,747.74. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,817 shares of company stock worth $583,020. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in Horace Mann Educators by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 21,690 shares of the insurance provider’s stock worth $851,000 after purchasing an additional 305 shares in the last quarter. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 142.1% in the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 540 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Horace Mann Educators by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 570 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Horace Mann Educators by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,873 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 581 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 620 shares during the period. 99.28% of the stock is owned by institutional investors.

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.