Horace Mann Educators (HMN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a research report sent to investors on Friday, March 2nd.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Horace Mann Educators from a buy rating to a hold rating in a research note on Tuesday, February 13th. Keefe, Bruyette & Woods set a $43.00 price target on Horace Mann Educators and gave the stock a hold rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $46.50.

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Shares of Horace Mann Educators (NYSE:HMN) traded down $0.85 during midday trading on Friday, reaching $41.80. The company’s stock had a trading volume of 140,501 shares, compared to its average volume of 158,163. Horace Mann Educators has a 52-week low of $33.85 and a 52-week high of $47.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $1,692.38, a PE ratio of 10.30 and a beta of 0.99.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The company had revenue of $303.00 million for the quarter. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts expect that Horace Mann Educators will post 2.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be issued a $0.285 dividend. The ex-dividend date is Friday, March 16th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.73%. Horace Mann Educators’s dividend payout ratio is currently 28.08%.

In other Horace Mann Educators news, CFO Bret A. Conklin sold 4,259 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total transaction of $190,888.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of HMN. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Horace Mann Educators during the fourth quarter worth $176,000. Stifel Financial Corp purchased a new stake in shares of Horace Mann Educators in the third quarter worth $203,000. CIBC Asset Management Inc purchased a new stake in shares of Horace Mann Educators in the third quarter worth $214,000. Koch Industries Inc. purchased a new stake in Horace Mann Educators during the fourth quarter valued at about $263,000. Finally, QS Investors LLC raised its position in Horace Mann Educators by 68.1% during the fourth quarter. QS Investors LLC now owns 7,388 shares of the insurance provider’s stock valued at $326,000 after purchasing an additional 2,993 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

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About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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