US stock futures muted with Jackson Hole, retail earnings on tap
Horace Mann Educators Corp (NYSE:HMN) stock reached a new 52-week high, trading at 44.5 USD, with InvestingPro data showing the company maintains a healthy 3.31% dividend yield and has raised dividends for 15 consecutive years. This milestone reflects a significant upward trend for the company, which has seen its stock price increase by 32.69% over the past year. Trading at a P/E ratio of 15.86 and maintaining a "Good" financial health score according to InvestingPro, the rise in stock value highlights investor confidence in Horace Mann’s performance and strategic direction. As the company continues to navigate the financial landscape, this achievement marks a notable point in its market trajectory. Discover more insights and access the comprehensive Pro Research Report covering HMN and 1,400+ other top stocks through InvestingPro.
In other recent news, Horace Mann Educators Corporation has extended its credit agreement with PNC Bank, pushing the termination date from July 2026 to May 2030. This extension reflects the company’s strategic financial planning and was disclosed in a recent SEC filing. Analysts at Raymond (NSE:RYMD) James have increased their price target for Horace Mann to $49, maintaining a Strong Buy rating, citing the company’s robust distribution network and strong customer relationships. BMO Capital has also initiated coverage on Horace Mann with an Outperform rating, setting a price target of $48.
Additionally, the company held its Annual Meeting of Shareholders, where nine directors were elected, executive compensation was approved, and the auditors for the upcoming fiscal year were ratified. JMP analysts have reiterated a Market Perform rating, noting the company’s efforts to achieve target margins in the property and casualty insurance sector by 2025. They project a slight decrease in catastrophe losses for the second quarter of 2025 compared to the previous year. Horace Mann’s recent investor day revealed ambitious financial goals, including a high single-digit compound annual growth rate in revenue over the next three years and an increase in return on equity to 12-13%.
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