Horace Mann Educators (NYSE:HMN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Horace Mann Educators Corporation (NYSE:HMN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.98 and traded as high as $48.86. Horace Mann Educators shares last traded at $48.20, with a volume of 237,671 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on HMN shares. Raymond James Financial restated a “strong-buy” rating and set a $59.00 target price on shares of Horace Mann Educators in a report on Thursday, August 13th. Zacks Research upgraded shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Horace Mann Educators in a research note on Friday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $59.00.

Horace Mann Educators Price Performance

The company has a fifty day simple moving average of $51.06 and a two-hundred day simple moving average of $48.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.87 and a beta of 0.08.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. The business had revenue of $443.50 million for the quarter, compared to analysts’ expectations of $321.70 million. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. As a group, research analysts anticipate that Horace Mann Educators Corporation will post 4.78 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 33.64%.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $50.99, for a total value of $382,425.00. Following the completion of the sale, the chief executive officer directly owned 299,629 shares in the company, valued at approximately $15,278,082.71. The trade was a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Donald Carley sold 2,054 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $52.28, for a total transaction of $107,383.12. Following the transaction, the general counsel directly owned 28,760 shares in the company, valued at approximately $1,503,572.80. This represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,791 shares of company stock valued at $1,443,719. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Horace Mann Educators during the 2nd quarter worth approximately $47,000. Nykredit A S purchased a new stake in Horace Mann Educators during the second quarter worth approximately $43,000. Corient Private Wealth LP grew its stake in Horace Mann Educators by 0.5% during the second quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock worth $2,360,000 after buying an additional 226 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Horace Mann Educators in the second quarter worth $387,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Horace Mann Educators in the second quarter worth $1,705,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators in Springfield, Illinois, the company has built its business around the insurance and financial needs of the education community.

Through its operating subsidiaries, Horace Mann provides personal lines insurance products, including automobile and homeowners insurance, as well as life insurance and supplemental insurance.