Horace Mann Educators (NYSE:HMN) Shares Gap Down to $39.17

Shares of Horace Mann Educators Co. (NYSE:HMN) gapped down before the market opened on Thursday . The stock had previously closed at $39.17, but opened at $36.28. Horace Mann Educators shares last traded at $35.85, with a volume of 27,434 shares trading hands.

Analysts Set New Price Targets

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

Horace Mann Educators Trading Down 10.5 %

The business has a 50-day moving average of $36.04 and a two-hundred day moving average of $34.64. 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 firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 36.30 and a beta of 0.26.

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

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.88%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s payout ratio is currently 125.93%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.80, for a total transaction of $346,866.20. Following the completion of the transaction, the chief financial officer now owns 63,922 shares in the company, valued at $2,288,407.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Donald M. Carley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total value of $175,550.00. Following the sale, the general counsel now owns 29,627 shares of the company’s stock, valued at approximately $1,040,203.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bret A. Conklin sold 9,689 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total transaction of $346,866.20. Following the sale, the chief financial officer now owns 63,922 shares of the company’s stock, valued at approximately $2,288,407.60. The disclosure for this sale can be found here. Insiders have sold 21,529 shares of company stock valued at $770,237 in the last 90 days. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Horace Mann Educators

Several hedge funds and other institutional investors have recently made changes to their positions in HMN. TFO Wealth Partners LLC lifted its holdings in Horace Mann Educators by 6,084.6% in the fourth quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after buying an additional 791 shares during the period. International Assets Investment Management LLC acquired a new stake in Horace Mann Educators during the 4th quarter worth $36,000. FinTrust Capital Advisors LLC lifted its holdings in Horace Mann Educators by 714.8% during the first quarter. FinTrust Capital Advisors LLC now owns 4,677 shares of the insurance provider’s stock worth $173,000 after acquiring an additional 4,103 shares in the last quarter. SG Americas Securities LLC acquired a new position in Horace Mann Educators in the first quarter valued at about $176,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Horace Mann Educators in the first quarter worth about $220,000. 99.28% of the stock is owned by institutional investors and hedge funds.

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.