Horace Mann Educators (NYSE:HMN) Sets New 1-Year Low at $32.21

Shares of Horace Mann Educators Co. (NYSE:HMN – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as $32.21 and last traded at $32.66, with a volume of 57738 shares. The stock had previously closed at $36.05.

Wall Street Analysts Forecast Growth

HMN has been the topic of a number of research analyst reports. Piper Sandler cut shares of Horace Mann Educators from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $42.00 to $38.00 in a report on Wednesday. StockNews.com started coverage on shares of Horace Mann Educators in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Horace Mann Educators Trading Down 9.2 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $1.34 billion, a PE ratio of 26.90 and a beta of 0.41. The business’s 50-day moving average price is $37.35 and its 200-day moving average price is $36.85.

Horace Mann Educators (NYSE:HMN – Get Rating) last announced its earnings results on Thursday, November 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. The business had revenue of $343.00 million for the quarter, compared to analyst estimates of $351.85 million. Horace Mann Educators had a net margin of 4.12% and a return on equity of 6.67%. As a group, analysts expect that Horace Mann Educators Co. will post 1.73 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.32 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.28 dividend on an annualized basis and a yield of 3.91%. Horace Mann Educators’s dividend payout ratio (DPR) is 95.52%.

Insider Activity at Horace Mann Educators

In related news, EVP Matthew P. Sharpe sold 3,500 shares of Horace Mann Educators stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $37.94, for a total value of $132,790.00. Following the transaction, the executive vice president now directly owns 57,370 shares in the company, valued at approximately $2,176,617.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,560 shares of company stock worth $285,561 in the last three months. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently bought and sold shares of HMN. Connable Office Inc. boosted its position in shares of Horace Mann Educators by 12.9% during the 4th quarter. Connable Office Inc. now owns 8,656 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 989 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Horace Mann Educators during the 4th quarter worth $632,000. Exchange Traded Concepts LLC boosted its position in shares of Horace Mann Educators by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 41,601 shares of the insurance provider’s stock worth $1,555,000 after purchasing an additional 319 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in shares of Horace Mann Educators by 120.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 5,043 shares of the insurance provider’s stock worth $178,000 after purchasing an additional 2,751 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Horace Mann Educators during the 3rd quarter worth $453,000.

About Horace Mann Educators

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.